Three charged in Singapore with alleged link to illicit shipments of Nvidia GPUs to China

[hist78]

"The authorities in Singapore have charged three men with fraud, allegedly in connection with the shipment of Nvidia GPUs into China in violation of US export controls.

According to local media, nine people were arrested after Singapore police and customs authorities raided 22 locations on Wednesday seizing documentation and electronic records. Two Singaporeans were ultimately detained and charged with criminal conspiracy to commit fraud on a supplier of servers. A third Chinese national was also charged with fraud by false representation."

Singapore arrests three linked to Nvidia GPU server fraud

Accused face up to 20 years in prison

www.theregister.com

 

[Barnsley]

"The authorities in Singapore have charged three men with fraud, allegedly in connection with the shipment of Nvidia GPUs into China in violation of US export controls.

According to local media, nine people were arrested after Singapore police and customs authorities raided 22 locations on Wednesday seizing documentation and electronic records. Two Singaporeans were ultimately detained and charged with criminal conspiracy to commit fraud on a supplier of servers. A third Chinese national was also charged with fraud by false representation."

Singapore arrests three linked to Nvidia GPU server fraud

Accused face up to 20 years in prison

www.theregister.com

https://www.channelnewsasia.com/sin...-390-million-alleged-fraud-3-men-bail-4997556

SINGAPORE: Investigations have revealed that the total amount involved in the offences for three men accused of fraud over the movement of Nvidia chips is in the region of US$390 million (S$519 million).

The prosecution on Thursday (Mar 13) revealed the sum related to the cases of Aaron Woon Guo Jie, 41, Alan Wei Zhaolun, 48, and Chinese national Li Ming, 51.

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Woon and Wei are accused of being in a criminal conspiracy to commit fraud on two suppliers of servers, Dell and Super Micro, involving about US$250 million.

The pair are said to have made false representations in 2024 that the items would not be transferred to a person other than the "authorised ultimate consignee of end users".

Li is said to have committed fraud on Super Micro and accessed a corporate bank account without authorisation to make and receive transfers for company Luxuriate Your Life. The amount in his alleged offences is around US$140 million, said the prosecution during a further mention of the cases.

The three were among nine people arrested during raids by the Singapore Police Force and Singapore Customs in February, after media reports stated that intermediaries in the country were involved in the illegal movement of Nvidia chips to China, bypassing US export controls.

The three men have been in remand since their charging and appeared in court via videolink.

BAIL AMOUNTS
On Thursday, the prosecution cited the high amounts involved as the basis for offering bail of S$600,000 for Woon, S$800,000 for Wei and S$1 million for Li.