简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:Singapore prosecutors reveal a $390M fraud case involving U.S. servers, Nvidia chips, and AI firm DeepSeek. Investigations into illegal transactions continue.
Singapore prosecutors revealed in court on Thursday that a $390 million fraud case involves Singapore-based firms accused of illegally supplying U.S. servers to Malaysia. The case has drawn attention due to its potential connection to Chinese AI firm DeepSeek, which has been under U.S. investigation for allegedly using banned American chips.
Three individuals—Singaporeans Aaron Woon, 41, and Alan Wei, 49, along with Chinese national Li Ming, 51—have been charged with defrauding tech giants Dell and Super Micro. They allegedly misrepresented the final destination of servers, which may have contained Nvidia chips. While Singapore authorities confirmed the servers might have housed Nvidia hardware, they did not specify if these were high-end semiconductors restricted by U.S. export controls.
The case has sparked speculation about DeepSeek's involvement, especially after its AI model's impressive performance in January raised eyebrows in the tech world. When questioned about the potential link, Singapores Law and Home Affairs Minister K Shanmugam declined to comment, stating he did not want to speculate.
Prosecutors disclosed that Wei allegedly paid himself tens of millions in dividends, while Woon received a multi-million-dollar bonus. Lawyers for the accused have either declined to comment or are awaiting further evidence from prosecutors.
This case is part of a broader investigation in Singapore, involving 22 individuals and companies suspected of false representation. Six other people have been arrested, and authorities are examining whether additional suppliers are implicated in similar schemes. Malaysia is also conducting its own investigation to determine if its laws were violated.
The accused are scheduled to reappear in court on May 2, as the investigation continues to unfold. The outcome could have significant implications for DeepSeek and the global tech industry, particularly regarding the use of restricted U.S. technology.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
BSP tightens rules on offshore forex trades, including NDFs, to reduce systemic risks and peso volatility. Stakeholders’ feedback due by March 26.
Ripple gains Dubai regulatory license, becoming the first blockchain payments provider in DIFC, boosting crypto innovation in the UAE.
Benjamin Bilski unveils a new crypto platform aiming to solve market inefficiencies, with decentralized liquidity pools and AI-driven trading solutions.
FINRA arbitration panel rules Stifel must pay $132.5M for misrepresenting risks of structured notes, highlighting investor protection.