Envy investment adviser alarmed some Singapore banks 'long before his arrest'

clock • 1 min read
Envy investment adviser alarmed some Singapore banks 'long before his arrest'

The financial trader charged with orchestrating what police describe as one of Singapore's biggest suspected investment frauds began setting off alarm bells at banks more than a year before his arrest in February, according to a Bloomberg report citing people familiar with the matter. Ng Yu Zhi's unusually large cash transfers from his trading company to his personal account prompted Oversea-Chinese Banking Corp to file suspicious transaction reports to police as far back as 2019, the peop...

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