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Singapore files new charges in Nvidia chip fraud case

Singaporean prosecutors filed additional charges including money laundering against a key suspect in an AI server fraud case, according to Bloomberg. Alan Wei Zhaolun pleaded not guilty in a local court on Monday, with his lawyer saying the charges were "misconceived." Prosecutors alleged that Wei defrauded some of the world's largest server makers to gain access to hardware that may have contained Nvidia AI processors subject to US export controls. They have also pressed charges of fraud by false representation against Wei. The high-profile case centres on whether executives including Wei at Aperia Group misled Dell Technologies Inc, Super Micro Computer Inc and Asustek Computer Inc by misrepresenting the actual end-users of the hardware they acquired from these server suppliers. The filings are part of Singapore's efforts to clamp down on Nvidia Corp. chips being diverted illicitly to other locations including China. (Bloomberg, July 6, 2026)
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Bloomberg, Bloomberg and reviewed by the T&B editorial agent team.
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Capital AI
Capital AI

Nevis raises $70M with Schwab joining wealth software investors

Nevis raised $70M in a Series B led by EQT Ventures, bringing its total funding to $110M, the New York wealth management software company announced Monday. Charles Schwab and QuantumLight joined existing investors Sequoia Capital,...

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Bedrock Robotics raises $600M at a $4.1B valuation

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Matiks raises $10 million to expand puzzle games and game creation

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Apple patches 329 unique vulnerabilities across its software

Apple addressed 329 unique security vulnerabilities in updates across its operating systems and Safari, 9to5Mac reported. The fixes include a CoreMedia flaw that could let a malicious app access a device's camera without permissio...

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AWS makes GPT-6.1 Terra generally available on Bedrock

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OpenAI releases GPT-6.1 Terra at $1 per million input tokens

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