Singapore authorities have seized a Good Class Bungalow (GCB) valued at around S$55 million (US$42.4 million) and around S$1 million of funds in connection with a fraud conspiracy, the police said on Wednesday.
The case has been linked to the movement of Nvidia chips in contravention of US export controls. It is understood that the GCB is located at 12 Chee Hoon Avenue.
The police issued a prohibition of disposal order against the GCB and seized funds in bank accounts as part of investigations, which have resulted in additional charges for the four people alleged to be involved.
The case involves three men – Aaron Woon Guo Jie, Alan Wei Zhaolun, and Chinese national Li Ming – who were charged on February 27, 2025, with fraud by false representation in relation to purchases of servers.
Woon and Wei were originally handed one charge over criminal conspiracy to commit fraud on suppliers of servers, Dell and Super Micro, involving about US$250 million. Wei was also handed two charges of money laundering, while Woon was charged with one count of money laundering.
Investigations revealed that Li falsely represented that a company he controlled – Luxuriate Your Life – would hold and lease to other companies the servers intended to be bought from Super Micro.
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