16-05-2025
A S$7 million Pagani supercar, a 20-carat yellow diamond, an S$8 million home: accused nickel fraudster Ng Yu Zhi shows you how to spend it
[SINGAPORE] How do you spend S$1.5 billion? Alleged nickel fraudster Ng Yu Zhi definitely has some ideas.
Ng, who is on trial for 42 charges including cheating, criminal breach of trust and money laundering, is accused of leading a nickel-trading scam through his companies for six years, collecting nearly S$1.5 billion from 947 investors including high-profile financiers.
From a 20-carat yellow diamond to a S$7 million Pagani supercar, these are some of his excesses allegedly using other people's money.
