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Singapore grants bail in alleged $390m Nvidia chip fraud
A Singapore court has granted bail to three men accused of deceiving suppliers of server computers containing Nvidia chips.
The suspects include two Singaporean men and one Chinese national.
Bail for the two Singaporean individuals was set at S$800,000 (US$600,000) and S$600,000 (US$450,000).
The Chinese national’s bail was set at S$1 million (US$748,500), and his release, if granted, requires an electronic monitoring device.
They were charged nearly two weeks ago with allegedly smuggling Nvidia chips and defrauding Dell and Super Micro by providing false information about the servers’ intended locations.
The total value involved in the transactions is approximately US$390 million, although the servers’ final destination remains uncertain.
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