March 28, 2024

A Singaporean businessman accused of masterminding a massive nickel trading scam was handed additional criminal charges tied to about $124 million in assets ranging from luxury cars to jewelry and artwork.

The additions brought the total number of accusations against Ng Yu Zhi to 75, according to charge sheets seen by Bloomberg News after a Singapore State Courts hearing Monday. The offenses allegedly took place between 2020 and February 2021, the documents show.

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