Singapore Executive Faces Money Laundering Charges in Nvidia-Linked Case

Singapore has charged a fifth person in an alleged fraud case linked to the movement of Nvidia chips, with a key officer facing 41 money laundering charges over server purchases worth more than US$100 million.

Chinese national Shi Bingzhe, 34, was a director of Superphi and chief operating officer of NJ Global Financial at the time of the alleged offenses. He and the two companies were charged on November 13, the Singapore Police Force said.

According to the police, Shi consented to the purchase of 917 servers in 41 transactions from Aperia International. The transactions are believed to have taken place between May 2024 and February 2025. The businesses allegedly had reasonable grounds to believe the equipment represented benefits from Aperia’s alleged fraud by false representation.

The investigation has now resulted in charges against five individuals and six companies.

Aperia’s chief financial officer, Jenny Lim, was charged in April over an alleged conspiracy with its CEO and head of sales to mislead Dell about the servers’ end user.

CNA reported that earlier arrests followed reports of intermediaries in Singapore moving Nvidia chips to China to bypass US export controls. The four other individuals’ cases remain pending.

If convicted, Shi faces up to 10 years in prison, a fine of up to S$500,000 (approx. US$390,000), or both, per charge. Each company faces a maximum fine per charge of S$1 million (approx. US$780,000) or twice the value of the criminal benefits, whichever is higher.

The charges come amid separate allegations that executive Alice Huang spied on Nvidia co-founder Jensen Huang for China.