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Singapore police say AI chip fraud suspects face additional fraud and money laundering charges
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Singapore police say AI chip fraud suspects face additional fraud and money laundering charges
Jul 1, 2026 1:24 AM

SINGAPORE, July 1 (Reuters) - Singapore Police said four

people accused in an AI chip fraud case will face extra charges

over alleged fraud and money laundering. Four companies will

also face charges including fraud by false representation, the

police said in a statement on Wednesday.

The charges relate to an investigation of fraud by falsely

representing who would be the end-user of servers purchased from

Dell, Super Micro Computer ( SMCI ) and Asus, the

police said.

Here are some details:

* Jenny Lim, 51, and Aaron Woon Guo Jie, 41, were handed

additional charges on Wednesday for fraud and money laundering,

while Li Ming, 52, was charged with fraud and fraudulent

trading, the police said.

* Alan Wei Zhaolun, 50, will face additional charges for

fraud and money laundering on July 6, they said.

* Singaporeans Woon and Wei, as well as Chinese national Li,

were first charged in February last year with making fraudulent

representations to acquire advanced AI chips, while Lim was

charged for conspiring with Woon and Wei in April this year.

* The four accused are due to attend a pre-trial conference

on Friday, according to court records. They have not yet entered

their pleas in the case.

* Police said on Wednesday that Wei, Lim and Woon were key

officers of three companies in the Aperia Group, while Li was

the controller of another company, Luxuriate Your Life, and the

four companies now also face fraud charges.

* The police have seized about S$1 million ($770,000) in

funds from bank accounts under investigation and issued an order

preventing the transfer or sale of a Singapore property valued

at about S$55 million.

* Singapore Home Affairs Minister K Shanmugam ⁠said in March

last year that authorities ascertained that servers involved in

​the case may contain Nvidia ( NVDA ) chips.

* The United States banned the export of high-end chips from

Nvidia ( NVDA ) to China in 2022 amid concerns that they could be used

for military purposes. The United States later approved the sale

of Nvidia's ( NVDA ) second-most powerful H200 chips in January this

year, with some conditions.

($1 = S$1.30)

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