Three leading Singaporean lawyers are among the victims of the alleged fraudster Ng Yu Zhi, a 34-year-old commodity trader who fabricated at least $744.5 million worth of nickel deals that were never fulfilled.
According to the charge sheets, Ng’s victims include the general counsel of state-owned investor Temasek International Siok Lan Pek, Quahe Woo & Palmer LLC director and criminal defense lawyer Sunil Sudheesan and TSMP Law Corp.’s joint managing partner Shen Yi Thio. Ng, a director at Envy Asset Management and Envy Global Trading, promised investors returns of 15% over three months.
