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Article content Ng Yu Zhi, 34, was responsible for outflows of S$475 million (US$352 million) from his Envy Group of companies, according to a report by court-appointed judicial managers for the firms. The report was distributed to investors and seen by Bloomberg News. That compared with confirmed net inflows of S$841.5 million from investors, the report said, adding the tracing of fund flows is ongoing. We apologize, but this video has failed to load. Try refreshing your browser, or Singaporean allegedly swindled $352 million for jet-set life in country s largest fraud case Back to video Ng spent about S$2 million a month to fund his lifestyle, which included the services of a butler and chauffeur, and expenditure on alcohol, hotel rooms and at fine dining restaurants, the report showed. He made “significant monetary gifts to close associates,” it said.

Bob yapYu zhiAlfred cangChanyaporn chanjaroenDavid ramliEnvysion holdings pteMonetary authority of singaporeDavinder singh chambersPostmedia network incMf global holdings ltdCalgary heraldLehman brothers holdings incEnvy groupEnvy global tradingState courtEnvysion wealth management