What happened
The Singapore Police Force said on 13 November 2026 that a fifth individual, Shi Bingzhe, 34, and two companies where he was a key officer were charged with money-laundering offences under the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act in the ongoing investigation into fraud by false representation in the purchase of servers. Shi was the director of Superphi Pte Ltd and chief operating officer of NJ Global Financial Pte Ltd. Police allege that, with his consent, the two companies acquired 917 servers from Aperia International Pte Ltd in 41 transactions between May 2024 and February 2025 while having reasonable grounds to believe the servers were benefits of Aperia International's criminal conduct, namely fraud by false representation. Shi faces 41 charges; Superphi faces six and NJ Global 35. CNA reported the servers, including Dell, ASUS and SuperMicro machines, were worth more than US$100 million, and that the case is linked to the alleged movement of Nvidia chips. Five individuals and six companies have now been charged. The cases return to court on 4 January; these are allegations.
How the scam works
A charge, an arraignment, a witness's testimony or a prosecutor's accusation is not a finding of guilt. People and companies named in these reports are accused, charged or, where the source says so, convicted or sentenced, and they are presumed innocent unless and until a court finds otherwise. Do not treat a news report or a press release as a substitute for a court judgment. If you think you were affected by the same kind of scheme, keep records and report them to the investigating agency named in the source, or to your local police and your bank.
Source
Source: https://x.com/Reuters/status/2121151194437489070 (@Reuters, Nov 13, 2026, 3:00 AM ET); https://www.police.gov.sg/Media-Hub/News/2026/11/20261113_fifth_individual_and_two_additional_companies_charged_in_relation_to_the_case (Singapore Police Force, 13 Nov 2026); https://www.channelnewsasia.com/singapore/man-charged-fraud-nvidia-chips-6548606 (CNA, 13 Nov 2026)
