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Slideshow ( 2 images ) SINGAPORE (Reuters) - Singapore prosecutors on Tuesday filed five additional charges against businessman Ng Yu Zhi in relation to a scheme that allegedly raised at least S$1 billion ($746 million) from investors to fund bogus nickel trades. The alleged fraud, one of the city-state’s biggest, follows a string of scandals involving Singapore trading firms that have shaken investor and banker confidence in the sector over the last year when some commodities, including nickel, have rallied strongly. The new charges of cheating against Ng were read out in Singapore’s State Court. The charges allege that Ng, former managing director of commodity trader Envy Global Trading Pte Ltd and Envy Asset Management Pte Ltd, deceived five individuals on multiple occasions into investing about S$8.8 million in connection with non-existent forward nickel contracts.

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