Singapore authorities have seized a S$55 million ($42.6m, £32m) luxury property and around S$1m in funds in connection with an alleged fraud conspiracy that’s been linked to a smuggling operation around high-end Nvidia GPUs, which are restricted from sale to Chinese entities under US law.
The property, located on Chee Hoon Avenue near the city-state’s Botanic Gardens, was allegedly purchased using around S$38m of criminal proceeds, police said.
Wei Zhaolun, also known as Alan Wei, was charged with money laundering for the purchase, in addition to other charges including fraud.
Server smuggling
If he and three others are convicted on fraud charges, they could face up to 20 years in prison.
