In Singapore, a businessman N Yu Ji assigned more than half of the funds of investors invested in Envy. A monthly man spent about one and a half million dollars (about 110 million rubles) for the services of butlers, alcohol and flights with private aircraft, reports Bloomberg.
It is reported that the businessman is responsible for the outflow from $ 352 million, while the size of investments in ENVY amounted to 624 million dollars. He was accused of embezzlement of millions of facilities for the services of the butler and the chauffeur, as well as on alcohol, hotels in hotels, food in the restaurants of high kitchen, visits to nightclubs and flights with private aircraft. In addition, Ji did “large money gifts to close partners.”
Now the business of the entrepreneur is managed by a team of managers. Her chapter was Bob Yap from KPMG, who offered a court to eliminate the Envy company. The company’s accounts lie about $ 39 million, while the assets of the businessman himself in the amount of more than 74 million dollars frozen.
In February 2021, Ji arrested in Singapore, but later let go on bail one and a half million dollars. Then he was suspected of the deception he arranged to get from investors almost a billion dollars on fictitious nickel transactions.