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Singapore nickel trader’s lavish lifestyle allegedly fueled by $740m fraud Merlion and the Singapore Skyline. Credit: Wikimedia Commons At 33, Ng Yu Zhi had all the trappings of a wildly successful trader: a Rolodex full of rich clients, a three-story villa in a posh Singapore neighborhood and a Pagani Huayra supercar reportedly worth more than $5 million. Local prosecutors allege Ng also had a dark secret: His lavish lifestyle, they say, was built on lies. Sign Up for the Australasia Digest Sign Up In a case that has riveted Singapore’s moneyed-classes, Ng was charged last month with four counts of fraud for allegedly raising at least S$1 billion ($740 million) from investors for commodity trades that didn’t exist.

National university of singaporeSingapore generalLawrence lohPeter haroldDavinder singhPagani huayraA pagani huayraNational university of singapore business schoolAffairs departmentHin leong trading ltdYong loo lin school of medicineMonetary authority of singaporePoseidon nickel ltdPrivate bankingCentre for governanceSong seng wun