Singapore: Authorities have seized a luxury mansion worth S$55 million (about US$42.5 million) in Singapore's prestigious Botanic Gardens district as part of an investigation into the alleged smuggling of Nvidia AI chips. Police claim that a significant portion of the property's purchase price was funded using proceeds from illegal server sales linked to advanced chips restricted under U.S. export controls. The case involves Aperia Group CEO Wei Zhaolun, who faces money laundering charges along with other suspects. Officials also froze bank accounts and reaffirmed Singapore's commitment to tackling financial crime and protecting its reputation as a trusted global business and technology hub.
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