SINGAPORE, June 28 (Reuters): Singapore prosecutors on Monday filed 13 additional charges against a local businessman in relation to a scheme that allegedly raised more than S$1 billion (US$746 million) from investors to fund bogus nickel trades.
Authorities in the city state have implicated Ng Yu Zhi, a former managing director of trading companies Envy Global Trading (EGT) and an inactive firm, Envy Asset Management, in the fraud scandal, one of the biggest in Singapore.
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