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Accused fraudster of US$1.1 billion nickel trading scam gets more charges

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Ng Yu Zhi is accused of splurging the monies on a lavish lifestyle, including buying properties for women.

Ng Yu Zhi, allegedly linked to a billion-dollar nickel trading scam, gets 12 more charges.

Ng, 33, the director of Envy Asset Management and Envy Global Trading , promised varying returns averaging 15 per cent over three months to investors, some of whom were high-profile individuals. Ng is said to have misappropriated $201.2 million from EGT while he was its director between August 2020 and February last year,

 

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