Finian Tan, founder of Vickers Venture Partners, testified in Singapore’s High Court on Apr. 3 about his dealings with Ng Yu Zhi, who allegedly ran a US$1.45 billion nickel-trading scam.

Finian Tan met Ng Yu Zhi in August 2020 and was impressed by his claimed success in nickel trading.

Ng allegedly tricked him into investing US$19.2 million in Envy Global Trading (EGT) under the pretense of buying discounted nickel for resale.

The meeting was arranged by Veronica Shim, then CEO of Envysion Wealth Management, who described Ng as a successful trader.

Ng faces 108 charges, including fraud, forgery, and money laundering.