Singapore Charges Fifth Person in Nvidia AI Server Fraud Case Over 917 Servers Worth $100 Million

Singapore has charged a fifth person in the fraud case linked to Nvidia AI servers, handing Shi Bingzhe 41 money laundering charges over 917 servers worth more than US$100 million bought from Aperia International. The case, tied to the alleged movement of restricted Nvidia chips, now involves five people and six companies.

Nahid Joy

Nov 14, 2026 - 05:54

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The Singapore skyline at dusk, with the Marina Bay Sands hotel, central business district skyscrapers and the Singapore Flyer reflected in the water at Marina Bay.

Singapore Charges Fifth Person in Nvidia AI Server Fraud Case Over 917 Servers Worth $100 Million

Singapore has charged a fifth person in the fraud investigation linked to Nvidia AI servers, widening a case that has become one of the most closely watched tests of how restricted American chip technology may have reached China through Southeast Asia.

Shi Bingzhe, 34, was handed 41 charges in court on Friday, November 13, under Singapore's Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act. Police say he consented to money laundering offences committed by two companies where he held senior roles: Superphi, where he was a director, and NJ Global Financial, where he was chief operating officer.

The charges are the latest step in a prosecution that now spans five people and six companies, and they arrive at a moment when the wider Nvidia saga is dominating headlines in Singapore and beyond.

917 servers, 41 transactions, more than $100 million

According to a Singapore Police Force statement, Superphi and NJ Global Financial acquired 917 servers from technology company Aperia International in 41 transactions between May 2024 and February 2025, with Shi's consent. Charge sheets put the value of the servers at more than US$100 million (S$129 million). The servers included models from Dell, ASUS and Super Micro.

Prosecutors allege the two companies had reasonable grounds to believe the servers represented benefits from Aperia International's criminal conduct — specifically, fraud by false representation. Superphi faces six charges and NJ Global Financial faces 35 charges under the same Act for acquiring another person's benefits from criminal conduct.

If convicted, Shi faces up to 10 years in jail, a fine of up to S$500,000, or both, for each charge. The two companies each face a fine of up to S$1 million, or twice the value of the benefits from criminal conduct, whichever is higher, for each charge. Shi and the two companies will return to court on January 4.

The police statement carried a firm warning. "The police take a serious view of the offences and will not hesitate to take firm action against businesses and individuals who engage in dishonest and criminal practices that contravene our laws, to safeguard Singapore's reputation as a trusted international financial and business hub underpinned by the rule of law," the force said.

Four others were charged before him

Shi is the latest in a string of people to face prosecution over the alleged conspiracy. Four others were charged before him: Aaron Woon Guo Jie, 42, Alan Wei Zhaolun, 50, Li Ming, 52, and Jenny Lim, 52. Their cases are pending.

Woon, Wei and Li were first charged in February 2025 and were among nine people arrested during raids by the Singapore Police Force and Singapore Customs. According to the authorities, Lim was the chief financial officer of Aperia International, Wei was its chief executive officer, and Woon was its head of sales.

Four companies were charged in July with fraud by false representation: Aperia International, A-Speed Infotech, Aperia Cloud Services (II) and Luxuriate Your Life. With Superphi and NJ Global Financial now charged as well, six companies have been hauled to court in connection with the case.

Prosecutors said in March 2025 that the alleged transactions in the case totalled about US$390 million. Aperia has denied wrongdoing.

How the case began

Singapore launched its investigation after an anonymous tip-off about computer servers that might contain Nvidia chips being exported to Malaysia, and possibly on to an unknown final destination. The raids followed media reports claiming intermediaries in Singapore were involved in moving Nvidia chips to China in breach of US export controls.

The US Commerce Department had reportedly been looking into whether DeepSeek, the Chinese company whose AI model shook the tech world, had been using US chips that were not allowed to be shipped to China. CNA understands the Singapore cases are linked to the alleged movement of Nvidia chips.

The case sits inside a much larger fallout. Bloomberg reported this week that banned Nvidia chips had been found at a Shanghai data centre, and US authorities are separately investigating whether Nvidia hardware was smuggled into China. Read our coverage of the banned Nvidia chips found at a Shanghai AI facility and the US Justice Department probe into alleged Super Micro smuggling.

Why this matters

The fifth charge shows Singapore's prosecution is still widening, more than a year after the first arrests. For the city-state, the case is a reputational test: its value as a trusted trade and finance hub depends on showing that export-control evasion through its ports and companies will be pursued, not overlooked.

For the chip industry, the case is part of a broader reckoning over where restricted AI hardware actually ends up. Washington has tightened export rules on advanced Nvidia processors to China, yet enforcement depends on tracing hardware through intermediaries, resellers and data centres across several countries. Each new charge in Singapore adds a piece to that picture — and the January court date will be the next moment the case moves forward in public.

All five people charged so far are accused, not convicted. Their cases remain before the courts.