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Top Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud

  • Envy’s Ng was charged for 13 more counts in S$1 billion scam
  • Lawyers Pek, Thio, Sudheesan among investors in nickel schemes
The Super Rich Are Choosing Singapore as the World’s Safest Haven
Photographer: Wei Leng Tay/Bloomberg
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Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.

Pek Siok Lan, general counsel for state-owned investor Temasek International, and Thio Shen Yi, joint managing partner of TSMP Law Corporation, are named in new charge sheets against Singapore businessman Ng Yu Zhi, who has been prosecuted for allegedly raising funds from investors for nickel trades that didn’t exist. Sunil Sudheesan, a director specialized in criminal cases with Quahe Woo & Palmer LLC, and technology startup investor Finian Tan are also among the victims who were allegedly cheated.