Billion-dollar nickel scam: Singaporean Ng Yu Zhi spent S$7mil on luxury cars he gave to wife, girlfriends


Ng Yu Zhi is accused of masterminding a nickel-trading scam which attracted $1.46 billion from hundreds of investors. - Lianhe Zaobao via ST/ANN

SINGAPORE: Over six months, alleged fraudster Ng Yu Zhi spent nearly S$7 million (US$7.31 million) buying eight high-end cars, most of which were given to his wife and three girlfriends.

The cars included two Rolls-Royce Phantom EWB luxury saloons, top-of-the-range models which have more legroom.

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