The Lavish Lifestyle of a Fraudster

In a scandal that has the streets buzzing, alleged nickel fraudster Ng Yu Zhi is revealing an extravagant lifestyle filled with luxury cars purchased for his girlfriend. The High Court has unveiled shocking details about Ng’s lavish spending habits as he stands trial on multiple charges, including fraudulent trading and money laundering.

A Vintage Gift Worth Over a Quarter Million

Among the jaw-dropping purchases, Ng splurged S$288,000 on a vintage Mercedes Benz 280 for his girlfriend, Qian Yijun. This wasn't a one-time gesture; just six months earlier, he had gifted her another stunning Mercedes—an AMG GT model—for a staggering S$550,000.

A Growing Collection of Luxury Vehicles

The court revealed that Ng's passion for luxury extended to at least three other vehicles, with nearly S$1 million spent in total during this period. Testimonies from motor dealers painted a picture of Ng's ruthless acquisition of high-end cars.

A Rare Find: The Classic Mercedes Benz 280

Witness Krez Hong, from Autobahn Motors, shared insights about the vintage Mercedes Benz 280, highlighting that it's a rare gem, with only 10 to 20 remaining in Singapore. Originally registered overseas in 1970, it was imported to Singapore in 1984—a true collector's item!

More Luxuries: Bentley and Aston Martin Among the Roster

But the Mercedes wasn’t the only addition to Ng's luxurious fleet. He also acquired a Bentley Mulsanne for S$490,000, alongside an impressive Aston Martin Rapide and a sleek Mercedes Benz E200 just months later, showing an alarming pattern of indulgence.

A Case of Fraud with Far-reaching Implications

Ng Yu Zhi, now facing a staggering 42 charges, allegedly swindled around 947 victims out of nearly S$1.5 billion. The scale of his deception is becoming clearer, and the luxury purchases only add fuel to the fire. Witnesses have testified to remarkable sums being funneled into these extravagant buys, totaling over S$21 million on approximately 20 luxury vehicles.

What’s Next for Ng Yu Zhi?

As the trial continues, the court is set to reveal even more about Ng’s extravagant expenditures and the extent of his alleged fraud. Will justice prevail, or will the allure of luxury overshadow accountability?