Live Breaking News & Updates on Veronica Shim

Stay updated with breaking news from Veronica shim. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

The Billion-Dollar Nickel-Swap Scandal That Shocked Singapore

(Bloomberg Businessweek) Not long after the novel coronavirus arrived in Singapore, forcing the hyperconnected city-state to shut its borders for the first time, a rumor circulated among its many wealthy people and among others who weren’t so well-off. ....

Hong Kong , United Kingdom , Botanic Gardens , Singapore General , National University Of Singapore , Japan General , Marina Bay , City Of , Chenthil Kumarasingam , Yu Zhi , Joyce Koh , Sentosa Cove , Sergey Brin , Yoolim Lee , Pagani Huayra , Bernie Madoff , Ray Dalio , Harry Winston , Coco Cai , Ravi Menon , Bob Yap , Elon Musk , Tarun Murthy , Withers Khattarwong , James Dyson , Standard Chartered Plc ,

Singaporean allegedly swindled $352 million for jet-set life in country's largest fraud case


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 Yap , Yu Zhi , Alfred Cang , Chanyaporn Chanjaroen , David Ramli , Envysion Holdings Pte , Monetary Authority Of Singapore , Davinder Singh Chambers , Postmedia Network Inc , Mf Global Holdings Ltd , Calgary Herald , Lehman Brothers Holdings Inc , Envy Group , Envy Global Trading , State Court , Envysion Wealth Management , Veronica Shim , Monetary Authority , Holdings Ltd , Postmedia Network , Street East , பாப் யாப் , யூ ழி , ஆல்ஃபிரட் காங் , டேவிட் ராம்லி , பண அதிகாரம் ஆஃப் சிங்கப்பூர் ,