Welcome!
nickel scam
Company in the news
Singapore prosecutors say Ng Yu Zhi took $482 mil in metal scam
Ng faces 108 charges, but only 42 will proceed, and he pleaded not guilty to those on Tuesday. The prosecution plans to call on evidence from 58 witnesses.
a day ago
Regulatory Action
Three former C-suites involved in nickel trading scam of 2021 charged in court; face fines and jail term
MAS says Shim, Doo and Tan “connived in Envysion’s failure”. They face fines of up to $50,000, and possible jail term for Shim.
March 07, 2024
Anti-money laundering
MAS reports $7.1 mil in penalties for anti-money laundering breaches from January 2022 to June
This is MAS’s fourth enforcement report, which details action taken high profile cases such as Three Arrow Capital and others.
September 21, 2023
Regulatory Action
Singapore's probe into Noble Group to conclude in 3Q, says MAS
Besides Noble, MAS says investigations on Hyflux, Eagle Hospitality Trust and nickel trading scam, are ongoing
April 27, 2022
Company in the news
Ng Yu Zhi faces 18 new charges related to alleged nickel investment scam
Two new alleged victims named: Nai Soon Tong and Ong Suat Kuan
October 25, 2021