Singapore seizes $42m mansion over Nvidia chip smuggling

Singapore seizes $42m mansion over Nvidia chip smugglingImage source, Screenshot from Google MapsImage caption, The house is located in an upmarket area of SingaporeByOsmond ChiaBusiness reporterPublished7 minutes agoPolice in Singapore have seized a multi-million dollar luxury home that was allegedly bought using proceeds from smuggling Nvidia artificial intelligence (AI) chips.The property last changed hands for 55 million Singapore dollars (£32m; $42.5m), with at least two-thirds of its purchase price allegedly funded by illicit earnings, authorities said on Wednesday.The home was seized as part of a probe into the alleged illegal trade in servers containing highly sought-after advanced Nvidia chips, which are subject to US export controls.The US Department of Justice has previously flagged Singapore as a key transit hub to conceal illegal shipments to China.The police said an order was in place to stop the property being sold during the investigation.Located a short walk from Singapore's famous Botanic Gardens, the property sits in a prime district of the land-scarce city-state.Wei Zhaolun, who is also known as Alan Wei, will be charged with money laundering for allegedly using around 38 million Singapore dollars of criminal proceeds to fund the purchase of the house, police said.He is the chief executive of Aperia Group, which sells servers and other tech hardware to businesses. The BBC has contacted Aperia Group for comment.Authorities have also seized around one million Singapore dollars held in bank accounts.The police said a total of four people, including Wei, have been charged since February 2025 over fraud and other alleged crimes linked to the case.The individuals allegedly placed orders for servers from global suppliers under the pretence that they would be used by companies they worked for.Authorities have not said where the servers were shipped to.The police said the servers in the case were bought from three suppliers - Dell, Super Micro Comput...