S'pore police seize S$55 million Good Class Bungalow linked to Nvidia chips fraud case

Four Singapore companies will be charged for fraud by false representation, believed to be linked to an ongoing probe into Nvidia chip fraud conspiracy.

These companies are Aperia International, A-Speed Infotech, and Aperia Cloud Services (II) — collectively known as the Aperia Group — and Luxuriate Your Life.

In relation to this case, the police said in a Jul. 1 news release that they have issued a prohibition of disposal order against a Good Class Bungalow (GCB) valued at about S$55 million.

CNA reported that the GCB is located at 12 Chee Hoon Avenue.

They also seized funds in bank accounts under investigation valued at roughly S$1 million.

Individual charges

Four individuals from the companies' leadership have previously been handed charges, and will face additional ones.

In February 2025, Alan Wei Zhaolun (CEO of Aperia Group), Aaron Woon Guo Jie (Head of Sales of Aperia Group), and Li Ming (the alleged controller of Luxuriate Your Life) were charged with fraud by false representation in relation to purchases of servers.

In April 2026, Jenny Lim, the CFO of Aperia Group, was also charged with conspiring with Wei and Woon to commit fraud.

Between November 2023 and February 2025, they allegedly misled suppliers Dell, Super Micro Computer, and Asus that one of the Aperia Group companies would be the end-user of the servers.

As for Li, investigations revealed that he falsely represented to Super Micro that his company Luxuriate Your Life would hold and lease to other companies the servers purchased from them.

AI chips fraud probe

In January 2025, Bloomberg reported that United States government officials were trying to find out if DeepSeek, the Chinese AI company, used intermediaries in Singapore to purchase Nvidia chips.

The U.S. has banned the export of high-end chips Nvidia chips to China due to concerns that they could be used for military purposes.

According to the Ministry of Trade and Industry (MTI) in February 2025, Nvidia stated "there is no reason to believe that DeepSeek obtained any export-controlled products from Singapore".

When Wei, Woon, and Li were first charged for fraud, Minister for Home Affairs K Shanmugam said investigations revealed that the servers involved in the case may contain Nvidia chips.

The chips were embedded in servers supplied by Dell and Supermicro to the individual's Singapore-based companies, then sent to Malaysia, CNA reported.

Money laundering

Lim, Woon, and Wei will also face charges for money laundering.

Lim and Woon each face one charge for each acquiring about S$1.2 million in their personal bank accounts.

This sum partly represents benefits from criminal conduct amounting to about S$1 million, the police said.

On Jul. 6, Wei will also be charged for acquiring about S$5.8 million in his personal bank accounts, in part representing criminal benefits of about S$3.2 million.

He also allegedly converted property worth about S$55 million, in part representing criminal benefits of about S$38 million, for the purchase of a GCB.