Singapore
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No. III · Friday, 3 July 2026
Singapore seizes $42M mansion in probe of Nvidia-chip export-control evasion to China
What? Singapore police issued a prohibition-of-disposal order July 1 against a $42M bungalow and froze roughly $772,000 in bank funds belonging to Aperia Group executives, who face new fraud and money-laundering charges alleging they misrepresented end-users of Dell, Super Micro, and Asus servers containing Nvidia chips to bypass U.S. export controls between 2023 and 2025 — with the servers allegedly destined for China. Four firms face corporate fraud charges for the first time in the probe.
Confirmed · Sources: Nikkei Asia · South China Morning Post (July 1–2, 2026)