KPMG appointed by court as judicial manager in Singapore nickel trading scam
The fraud is focused on a former MD charged with cheating and fraud in the scheme that purportedly raised nearly $800m from investors
04 May 2021 - 13:01
Singapore/Hanoi — KPMG has been appointed by Singapore’s high court as the interim judicial manager for companies caught up in an alleged bogus nickel trading scheme, the accounting firm said on Tuesday.
The alleged fraud, one of Singapore’s biggest, centres on a former MD of trading companies Envy Global Trading and inactive Envy Asset Management, who has been charged with cheating and fraud in the scheme that purportedly raised at least S$1bn ($749.46m) from investors...
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