Car dealer who sold over S$8 million in luxury vehicles, registration plates to Ng Yu Zhi takes the stand

During the trial of Ng Yu Zhi, a car dealer testified that Ng spent over S$8 million on high-end cars and special vehicle registration plate numbers over seven months, a fraction of the total amount spent on cars. Ng is accused of defrauding investors of almost S$1.5 billion through an elaborate nickel investment scheme. The dealer revealed details of the cars purchased by Ng and how ownership was transferred to others under Ng’s instructions.

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