Singapore prosecutors say US server fraud case involves $519m of transactions
Prosecutors told a court on Thursday (March 13) that a case in which Singapore-based firms have been accused of fraudulently supplying US servers to Malaysia involves transactions worth US$390 million (S$519 million).
Three men have been charged with committing fraud against Dell and Super Micro by falsely representing where the servers would end up.
Local media have linked the case to the possible transfer of Nvidia's artificial intelligence chips to Chinese AI firm DeepSeek.
The US is investigating if DeepSeek, whose AI model's performance rocked the tech world in January, has been using banned US chips.
Authorities have said the servers may have contained Nvidia chips but did not say whether the chips were the high-end semiconductors that are subject to US export controls.
Asked about the potential link to DeepSeek, Home Affairs and Law Minister K Shanmugam said last week that he did not want to speculate.
The three suspects are Singaporeans Aaron Woon, 41, and Alan Wei, 49, and Chinese national Li Ming, 51.