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Jul 30, 2024 · Ng and the trio were sued in November 2021 by the liquidators of Envy Global Trading (EGT), Envy Asset Management (EAM) and Envy Management Holdings in a bid to recover $416.5 million and US$17.7...
Feb 27, 2024 · SINGAPORE - The liquidators of Envy Asset Management, the company at the heart of a US$1.1 billion (S$1.5 billion) fraudulent nickel trading case, have been successful in their legal bid to claw...
- Arguments by Prosecution
- Defence's Rebuttal
- Judge's Decision
Deputy Public Prosecutor Gordon Oh, who was flanked by a team of three other prosecutors, raised two points on Thursday in support of his application for the bail to be increased by S$2 million. First, the case will be transferred to the High Court, which means the prospect of higher sentences and therefore a higher potential flight risk. Second, i...
Defence lawyer Navin Naidu, a partner at Dentons Rodyk & Davidson and former deputy public prosecutor, rubbished the prosecution's arguments and called the suggested increase in bail "crushing". He said the arguments, which were not supported by any affidavit from the Commercial Affairs Department, were "a blatant attempt to throw big numbers at th...
District Judge Terence Tay said bail applications in instances where new circumstances suggest a heightened flight risk should be made and dealt with urgently. The prosecution had gone to court on Tuesday over the bail application but it was adjourned to Thursday. If there was such an urgency, the prosecution should have proceeded on Tuesday, but i...
- Lydia Lam
Jan 19, 2023 · Ng, 35, founder of Envy Global Trading and Envy Asset Management, was made a bankrupt in December 2022. He was arrested in February 2021 and charged with cheating and fraudulent trading.
Mar 7, 2024 · Shim Wai Han, Doo Chun Ki and Tan Kay Siong held several top positions in Envysion Wealth Management, currently known as Hui Xun Asset Management.
Feb 19, 2021 · The Commercial Affairs Department is currently investigating into the business activities of Envy Asset Management Pte Ltd (“Envy Asset Management”) and Envy Global Trading Pte Ltd (“Envy Global Trading”) for alleged fraud.
Feb 3, 2023 · He ran Envy Global Trading and Envy Asset Management, raising money from investors to purchase nickel and allegedly tricking investors to buy into a portion of receivables from the sale...
