Shi Bingzhe, 34, became the fifth person charged in Singapore’s AI server fraud case on Friday (13 November 2026). He faces 41 charges for allegedly consenting to money laundering offences by two companies that were charged alongside him.
The latest charges bring the total to five people and six companies charged in connection with the case.
Two Firms Allegedly Acquired 917 Servers
Shi was a director of Superphi Pte Ltd and chief operating officer of NJ Global Financial Pte Ltd at the time of the alleged offences. Superphi faces six money laundering charges, while NJ Global Financial faces 35.
The Singapore Police Force said the two firms allegedly acquired 917 servers from Aperia International Pte Ltd with Shi’s consent between May 2024 and February 2025. The allegation is that the firms had reasonable grounds to believe the servers had been obtained through fraud by Aperia International.
CNA reported that charge sheets put the value of the servers at more than US$100 million (about S$129 million).
What the Earlier Fraud Charges Allege
Aperia International was charged on 6 July 2026. In a July statement, police said earlier charges in the case alleged that three officers of the Aperia Group misled Dell, Super Micro Computer and Asus about who would use the servers they were buying. The officers allegedly told suppliers that a company within the group would be the end user.
At a March 2025 media briefing on the wider investigation, Home Affairs Minister K Shanmugam said authorities assessed that the servers under investigation at the time might contain Nvidia chips.
Cases Due Back in Court in January
The Straits Times reported that the judge ordered Shi to wear an electronic tag. His case and those of both companies are due back in court on 4 January 2027.
If convicted, Shi could face up to 10 years in jail, a fine of up to S$500,000, or both, for each charge. For each charge, the two companies could each face a maximum fine of S$1 million or twice the value of the benefits from the alleged criminal conduct, whichever is higher.
