Singapore authorities have charged four companies with fraud in a case involving Nvidia’s advanced AI chips and seized or frozen assets worth around ₹364 crore. Investigators allege that the companies made false representations about the intended end users while purchasing computer servers from global suppliers.
Companies and Executives Named
The companies charged are Aperia International, A-Speed Infotech, Aperia Cloud Services (II), collectively known as the Aperia Group, and Luxuriate Your Life. Authorities have also charged Jenny Lim, Chief Financial Officer of the Aperia Group, Aaron Woon Guo Jie, the group’s Head of Sales, and Li Ming, controller of Luxuriate Your Life, with offences including fraud and money laundering.
Police said Alan Wei Zhaolun, Chief Executive Officer of the Aperia Group, is scheduled to face fraud and money laundering charges on July 6. As part of the investigation, police issued a prohibition order preventing disposal of a luxury property owned by Alan Wei, valued at around ₹357 crore. Investigators also seized about ₹6.5 crore from bank accounts linked to the case.
False End-User Claims Under Probe
According to prosecutors, between November 2023 and February 2025, the accused allegedly made false representations to Dell, Super Micro Computer and Asus. They allegedly claimed that an Aperia Group company would be the final end user of the servers purchased.
Investigators allege that these claims were inaccurate and intended to mislead suppliers. Jenny Lim and Aaron Woon are further accused of receiving about ₹7.8 crore in their personal bank accounts, of which around ₹6.5 crore allegedly represented proceeds of criminal conduct.
Li Ming has also been charged with allegedly misrepresenting himself as an employee of Luxuriate Your Life and providing false information about the intended use of servers purchased from Super Micro.
Export Control Angle Examined
Preliminary findings indicate that servers supplied by US companies Dell and Super Micro, which may have contained Nvidia’s advanced AI chips, were first delivered to Singapore-based companies before being exported to Malaysia. Authorities suspect the servers may have contained items subject to US export control regulations.
The United States imposed export restrictions in 2022 on the sale of high-performance AI chips to China. US authorities have since been examining whether advanced Nvidia chips were diverted in violation of those controls.
Singapore Police said the country maintains a zero-tolerance policy towards fraud, money laundering and false representations. Authorities said strict action will be taken against individuals and companies found violating the law, while the investigation remains ongoing.
