SINGAPORE — Police have seized a Good Class Bungalow (GCB) valued at about S$55 million (RM173 million) and around S$1 million in bank funds as part of an expanding fraud investigation linked to the movement of Nvidia chips in breach of US export controls.

According to a report by CNA, the GCB is located at 12 Chee Hoon Avenue.

Police said they issued a prohibition of disposal order on the property and seized funds in bank accounts, adding that the probe has led to additional charges against four individuals.

“This is the first instance of corporate entities being prosecuted in relation to these investigations,” police said in a statement.

The investigation centres on three men — Aaron Woon Guo Jie, Alan Wei Zhaolun and Chinese national Li Ming — who were charged on February 27, 2025, with fraud by false representation involving server purchases.

Woon and Wei initially faced one charge each for allegedly conspiring to defraud Dell and Super Micro in server deals worth about US$250 million (RM1.02 billion).

Wei was also charged with two counts of money laundering, while Woon faced one count of money laundering.Investigators said Li falsely claimed that his company, Luxuriate Your Life, would hold and lease servers intended for purchase from Super Micro, involving around US$140 million.

Li also faces a charge for abetting another person to gain unauthorised access to a bank account held by a separate company.

The trio were among nine people arrested during joint raids by the Singapore Police Force and Singapore Customs in February 2025 after reports surfaced about intermediaries allegedly moving Nvidia chips to China to bypass US export controls.

On April 2, 2026, Jenny Lim was charged with conspiring with Woon and Wei to misrepresent to Dell that servers would be supplied to Aperia International even though the company was not the end user.

At the time, Wei, Lim and Woon were key officers of Aperia International, A-Speed Infotech and Aperia Cloud Services, collectively known as Aperia Group.

Police said the Aperia Group companies and Luxuriate Your Life now face fraud charges, marking the first time corporate entities have been charged in this investigation.