Singapore prosecutors revealed on Thursday that a fraud case involving local firms accused of illegally supplying US servers to Malaysia involves transactions worth$390 million.
Three men-Singaporeans Aaron Woon and Alan Wei, along with Chinese national Li Ming-have been charged with deceiving tech giants Dell and Super Micro by misrepresenting the servers' final destination.
The case has been linked to Chinese AI firm DeepSeek, which is under US scrutiny over the potential use of banned Nvidia chips.
While Singapore authorities confirmed the servers may have contained Nvidia components, they did not specify whether these were the restricted high-end semiconductors subject to US export controls.
Singapore's Law and Home Affairs Minister K Shanmugam declined to comment on the alleged connection.
Prosecutors claim Wei paid himself tens of millions in dividends, while Woon received a multimillion-dollar bonus. Singaporean authorities are investigating a wider network of 22 individuals and companies suspected of similar fraudulent practices, with six additional arrests made.
The accused are set to reappear in court on May 2, while Malaysian authorities are also probing potential legal violations.