Resolutions passed to wind up 2 firms under Envy Group linked to alleged billion-dollar nickel trading fraud

0 4

Ng Yu Zhi, one of the two directors of Envy Management Holdings, faces more than a dozen charges of cheating, fraudulent trading and forgery.

Resolutions passed to wind up 2 firms under Envy Group linked to alleged billion-dollar nickel trading fraud

Joyce LimSenior Correspondent

SINGAPORE – Two firms linked to Singaporean businessman Ng Yu Zhi, the alleged mastermind behind a US$1.1 billion bogus trading scheme, are being wound up.

Resolutions were passed by the sole shareholder of the two companies at an extraordinary general meeting on June 16 to voluntarily liquidate the companies. The two firms – Envy Capital and Envy Strategic Holdings – are owned by Envy Management Holdings, where Ng, 33, is one of two directors. The other director is Ms Lee Si Ye.

Please subscribe or log in to continue reading the full article.

Get unlimited access to all stories at $0.99/month

Latest headlines and exclusive storiesIn-depth analyses and award-winning multimedia contentGet access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

Subscribe now

*Terms and conditions apply.

Join ST’s Telegram channel here and get the latest breaking news delivered to you.

Source

Leave A Reply

Your email address will not be published.