S$1.46bil nickel-trading scam: Ng Yu Zhi’s bid for bail midway through trial denied by Singapore High Court

Ng Yu Zhi is accused of masterminding a nickel-trading scam which attracted S$1.46 billion from hundreds of investors. - Photo: Lianhe Zaobao file

SINGAPORE: Alleged fraudster Ng Yu Zhi, who is on trial in the High Court for masterminding a nickel-trading scam that attracted S$1.46 billion from investors, was denied bail on Thursday (July 3).

The judge said there is a risk that Ng, who had previously breached his bail conditions, will flee Singapore if he is released on bail.