SINGAPORE (The Straits Times/Asia News Network): Alleged nickel trading scammer Ng Yu Zhi’s S$4 million bail was raised to $6 million on Thursday (Jan 19), and he now faces the prospect of being jailed for more than 20 years if convicted after his criminal case was transferred to the High Court.
The bail amount is a record according to some lawyers and underscores Ng’s role in one of Singapore’s biggest investment frauds.
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