Singapore Bail Granted to Accused in Nvidia Chip Fraud Case
Three individuals accused of fraud in the supply of server computers equipped with Nvidia chips received bail in Singapore amid concerns about illegal chip transfers to China.
Nvidia chips fraud case in Singapore: Three people got bail
The Singapore court has recently granted bail to three persons who are accused of fraud in the case of supply of server computers. These servers may be equipped with Nvidia chips, whose sale is banned in some countries under US export rules. This matter has become a topic of discussion in Singapore due to the possibility of selling these chips to China.
Fraud allegations and Malaysia’s connection
About two weeks ago, three people from Singapore were accused of defrauding companies like Dell and Super Micro by providing false information about the location of server computers. These servers may have Nvidia chips and there was a plan to sell them to China through Malaysia. Investigation revealed that about $390 million was transacted in this fraud.
Bail conditions and court proceedings
The court decided to grant bail to the three accused. The bail of the two Singaporeans was set at S$800,000 ($600,000) and S$600,000 respectively, while the bail of the third accused, who is a Chinese national, was set at S$1 million. The next hearing will be held on May 2. The prosecution has sought an additional eight weeks to investigate the case.
In addition, the court has also imposed certain special conditions, including prohibiting the accused from leaving airports or border checkpoints and from discussing the case if released on bail. The Chinese national has been ordered to wear an electronic monitoring device.
Nvidia’s presence in Singapore
According to Nvidia’s latest annual report, Singapore generated 18% of the company’s total revenue in the financial year ended January 28, while shipments made to the country were less than 2% of total sales. The use of Nvidia chips by Chinese companies such as DeepSeek has become a cause of concern, especially due to the important role they play in the AI industry.
Malaysia’s statement
Malaysia recently said it would take appropriate action against Malaysian companies involved in this fraud case related to the alleged transfer of Nvidia chips from Singapore to China. The case has raised concerns among international trade and security experts, as questions are being raised about the use of Nvidia chips.
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