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.
Woon and Wei are accused of being in a criminal conspiracy to commit scams on two providers of servers, Dell and Super Micro, involving about US$ 250 million.  ,
The couple are said to have made misleading representations in 2024 that the products would not be transferred to a person other than the “authorised best buyer of ending people”.
Li is said to have committed scams on Super Micro and accessed a business bank account without license to make and receive payments for business Luxuriate Your Career.  , The volume in his reported crimes is around US$ 140 million, said the trial during a additional mention of the circumstances.  ,
The three were among nine individuals arrested during assaults by the Singapore Police Force and Singapore Customs in February, after press reviews stated that brokers in the country were involved in the illegal activity of Nvidia cards to China, bypassing US export settings.  ,
The three people have been in custody since their getting and appeared in court via videolink.
BAIL Volumes
On Thursday, the prosecutors cited the large sums involved as the foundation for offering loan of , S$ 600, 000 for Woon, S$ 800, 000 for Wei and S$ 1 million for Li.  ,
The trial even sought an eight-week injunction for studies to be concluded and asked for problems to be imposed alongside loan, including electric labelling for Li with exclusion areas in position.  ,
With the exclusion, Li will not be able to visit immigration points such as Changi Airport, as well as the Woodlands and Tuas checkpoints.  ,
Li’s lawyer Wendall Wong did not object to the bail amount or conditions, while Woon and Wei’s lawyers protested the high amounts.  ,
Woon’s lawyer Sanjiv Kumar Rajan said bail should be fixed at S$ 400, 000, adding that his client had not previously offended and that his roots were in Singapore.  ,
Wei’s lawyer Shashi Nathan said he had not heard the basis for the high bail amount. In contrast to Li, who was a Chinese national, Mr Shashi said his client was a Singaporean with family here.  ,
” I invite Your Honour to consider whether S$ 800, 000 is fair in all the circumstances.  ,
” The case has some sensitivity and publicity but other than the fact that it has those two ingredients, ( that ) shouldn’t be a reason for bail to be at such a high amount,” Mr Shashi said.  ,
He added that his client has been cooperative and has had his passport impounded.  ,
Responding to the arguments, Deputy Public Prosecutor Kang Jia Hui said both Singaporeans faced serious charges and investigations were still preliminary.  ,
” Even at this early stage, based on current investigations, the total amount involved for both is believed to be in the region of US$ 250 million. This is by no means a small amount,” said Ms Kang.  ,
The amount uncovered in Li’s case is lower than the sum involving the two Singaporeans, but the prosecution has taken into account his nationality and other factors, Ms Kang said.  ,
She added that Wei was believed to have paid an eight-digit dividend to himself from the company, while Woon received a seven-digit bonus.  ,
Given the amounts, the bail amount was” proportionate “and” clearly justified”, she said.  ,
The judge ordered for bail to be offered at the amounts sought by the prosecution but said the defence lawyers could challenge this at a bail review hearing.  ,
The three cases have been fixed for next mention on May 2.  ,