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Regulatory Action
Singapore's probe into Noble Group to conclude in 3Q, says MAS
Besides Noble, MAS says investigations on Hyflux, Eagle Hospitality Trust and nickel trading scam, are ongoing
April 27, 2022
Company in the news
Ng Yu Zhi faces 18 new charges related to alleged nickel investment scam
Two new alleged victims named: Nai Soon Tong and Ong Suat Kuan
October 25, 2021
Company in the news
OCBC closes bank account of restaurant allegedly linked to Ng Yu Zhi
OCBC, Singapore’s second-largest bank, closed the Cicada restaurant’s account, which left it unable to pay employees.
August 02, 2021
Company in the news
Ng Yu Zhi alarmed some banks, including OCBC and UOB, a year before his arrest
The timeline raises fresh questions about how Ng could have maintained an alleged $1.46 billion fraud for so long.
July 09, 2021
Company in the news
Ng Yu Zhi allegedly swindled $475 mil to fund private jets, nightclubs, cash gifts
Ng spent about $2 million a month to fund his lifestyle, which included the services of a butler and chauffeur.
July 05, 2021
Company in the news
Top lawyers including Temasek's general counsel among victims of Singapore's biggest alleged investment fraud
Ng was accused of an additional 13 charges today.
June 28, 2021
Company in the news
Ng Yu Zhi gets new charges, number of alleged victims reaches 300
Standard Chartered's former global head of commodities is among the new purported victims.
May 18, 2021
Company in the news
Vickers Venture Partners gets caught up in Envy Global Trading's alleged fraud
Vickers would be the highest-profile investor yet to have fallen victim to the suspected fraud.
May 07, 2021
Ng Yu Zhi gets additional charges for forging bank documents
The new charges bring total counts against Ng to 11.
April 27, 2021
Capital markets
Ng Yu Zhi's lavish lifestyle funded by $1 bil fraud
Local prosecutors allege Ng's lavish lifestyle was built on lies.
April 15, 2021