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SHARE At 33, Ng Yu Zhi had all the trappings of a wildly successful trader: a Rolodex full of rich clients, a three-storey villa in a posh Singapore neighbourhood and a Pagani Huayra supercar reportedly worth more than $5 million. Local prosecutors allege Mr Ng also had a dark secret: His lavish lifestyle, they say, was built on lies. In a case that has riveted Singapore’s moneyed-classes, Mr Ng was charged last month with four counts of fraud for allegedly raising at least S$1 billion ($740m) from investors for commodity trades that didn’t exist. The police have called it one of the city-state’s largest-ever suspected investment fraud schemes. It’s also the latest in a series of scandals in the financial and commodities-trading hub, where assets under management have swelled to S$4 trillion thanks largely to inflows from overseas.

National university of singaporeSingapore generalLawrence lohYu zhiPeter haroldDavinder singhPagani huayraA pagani huayraNational university of singapore business schoolAffairs departmentYong loo lin school of medicineMonetary authority of singaporePrivate bankingCentre for governanceSong seng wunDavinder singh chambers