Business
Wunderkind’s alleged $970 million fraud jolts Singapore – Sydney Morning Herald
At 33, Ng Yu Zhi had all the trappings of a wildly successful trader with rich clients, a luxury home and a $US5 million car. Prosecutors allege Ng also had a dark…
In August 2020, he won praise from the prestigious Yong Loo Lin School of Medicine at the National University of Singapore for his contribution to a fundraising drive.
A Pagani Huayra supercar was among S$100 million of assets seized from Ng by the nations Commercial Affairs Department, the Straits Times reported, citing sources it didnt name. It is inappropriate to comment on ongoing police investigations, the Singapore police said when asked about the seizure.
Industry sources have valued Ngs…
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