Connect with us

Hi, what are you looking for?

Business

Curtain falls on business empire of Ng Yu Zhi, who is behind billion-dollar Envy ‘nickel trading scheme’, Companies & Markets News & Top Stories

Published

Curtain falls on business empire of Ng Yu Zhi, who is behind billion-dollar Envy ‘nickel trading scheme’, Companies & Markets News & Top Stories

SINGAPORE – The curtain has fallen on Ng Yu Zhi’s business empire as firms linked to him are in the process of being wound up by liquidators.

The former director of Envy Global Trading held shares and directorship in about 30 companies before he was charged in March with fraud and cheating hundreds of investors of at least $1.2 billion, making it one of Singapore’s largest suspected fraudulent trading schemes.

Please subscribe or log in to continue reading the full article.

Get unlimited access to all stories at $0.99/month

  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.

In this article:

You May Also Like

France opened border to Canadian tourists. It now wants Canada to reciprocate – National France opened border to Canadian tourists. It now wants Canada to reciprocate – National

World

France opened border to Canadian tourists. It now wants Canada to reciprocate – National

France, which has opened its borders to Canadian tourists, is eager to see Canada reopen to the French. The Canadian border remains closed...

July 14, 2021
‘Spreading like wildfire’: Kashechewan First Nation sees COVID-19 surge in children, teens ‘Spreading like wildfire’: Kashechewan First Nation sees COVID-19 surge in children, teens

Health

‘Spreading like wildfire’: Kashechewan First Nation sees COVID-19 surge in children, teens

Kashechewan First Nation in northern Ontario is experiencing a “deepening state of emergency” as a result of surging COVID-19 cases in the community...

June 15, 2021
1st COVID-19 case could have emerged in China in October 2019: study – National 1st COVID-19 case could have emerged in China in October 2019: study – National

World

1st COVID-19 case could have emerged in China in October 2019: study – National

The virus that causes COVID-19 could have started spreading in China as early as October 2019, two months before the first case was identified in the central city of Wuhan, a new study...

June 25, 2021
U.S. wins 1st Olympic gold in women’s beach volleyball since 2012 at Tokyo Games – National U.S. wins 1st Olympic gold in women’s beach volleyball since 2012 at Tokyo Games – National

World

U.S. wins 1st Olympic gold in women’s beach volleyball since 2012 at Tokyo Games – National

April Ross and Alix Klineman won the first Olympic gold medal for the United States in women’s beach volleyball since 2012 on Friday,...

August 6, 2021