Ng Yu Zhi derived tremendous personal benefit from the alleged fraud, withdrawing at least S$201.2 million into his personal bank accounts, said the prosecutor. SINGAPORE: Alleged fraudster Ng Yu Zhi "lived lavishly" on the criminal proceeds from the S$1.5 billion (US$1.1 billion) nickel investment scheme he masterminded, prosecutors told a High Court judge on Wednesday (Nov 27). Ng, 37, ran the elaborate scheme offering investors profits from the purported sale of physical nickel from 2016 to