Singapore businessman linked to alleged fraud of S$1bil, accused of cheating notable lawyers

Ng Yu Zhi is said to have swindled investors into putting at leastS$1bil into nickel deals that never took place. - ST

SINGAPORE (The Straits Times/ANN): Several notable names in the legal fraternity were purportedly cheated by a Singaporean businessman who is alleged to be involved in a $1 billion fraud scheme.

Ng Yu Zhi, 34, director of Envy Asset Management and Envy Global Trading, is said to have swindled investors into putting at least $1 billion into nickel deals that never took place.