Singapore Adds 18 New Charges Against Alleged Nickel Hoaxer
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Singapore added 18 new charges against businessman Ng Yu Zhi, who’s accused of cheating investors in an alleged $1.1 billion fraud, taking the number of accusations to 69.
Ng, who remains on bail, made false electronic recordings to deceive investors that Envy had entered into nickel trades with Australian miner Poseidon Nickel Ltd. and units of BNP Paribas SA, according to charge sheets seen by Bloomberg News on Monday.