Alleged nickel trading fraudster Ng Yu Zhi fails in bid to stay $23m civil suit against him


Ng Yu Zhi currently faces 75 criminal charges. - ST FILE

SINGAPORE (The Straits Times/Asia News Network): The High Court on Friday (Jan 14) dismissed a bid by businessman Ng Yu Zhi, who is at the centre of an alleged $1 billion nickel trading scam, to stay a civil suit against him until his criminal case comes to an end.

Ng, 34, currently faces 75 criminal charges - mostly for cheating and forgery - in relation to a nickel trading investment scheme offered by his companies, Envy Asset Management and Envy Global Trading (EGT).

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Singapore , nickel , trading , Ng Yu Zhi , fraud , court

   

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