High Court orders 3 firms linked to billion-dollar Envy nickel trading scheme wound up

Former managing director of Envy Global Trading and Envy Asset Management Ng Yu Zhi faces 31 charges to date.
Former managing director of Envy Global Trading and Envy Asset Management Ng Yu Zhi faces 31 charges to date.PHOTOS: REUTERS, KELVIN CHNG

SINGAPORE - Three companies at the centre of one of Singapore's biggest investment fraud schemes linked to big-spending businessman Ng Yu Zhi will be wound up and put into liquidation, the High Court ruled on Monday (Aug 16).

High Court Justice Ang Cheng Hock granted the applications by interim judicial managers led by KPMG partner Bob Yap to wind up Envy Global Trading (EGT), Envy Asset Management (EAM) and Envy Management Holdings.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month
  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.