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SINGAPORE — The trial of Ng Yu Zhi, who is accused of masterminding a nickel-trading scam that attracted $1.46 billion from hundreds of investors, came to an end on Monday (July 7) after he made the rare move of opting not to take the stand.Judicial Commiss$1.46b nickel scam: Ng Yu Zhi opts to remain silent after judge calls for his defence
SINGAPORE — The trial of Ng Yu Zhi, who is accused of masterminding a nickel-trading scam that attracted $1.46 billion from hundreds of investors, came to an end on Monday (July 7) after he made the rare move of opting not to take the stand.Judicial Commissioner Christopher Tan had called for Ng, 38, to give his defence after finding that the prosecution has presented a sufficient case against him.The judge told Ng that he can choose to give evidence on the stand and be liable to cross-examination.If he chooses to remain silent, the court may draw an adverse inference against him in deciding whether he is guilty or not, the judge added.Ng chose to remain silent after speaking for about an hour to his lawyers, Mr Nichol Yeo, Mr Nicholas Narayanan and Ms N. K. Anitha.Mr Yeo added that his client will not be calling any witnesses to testify for him.The judge told parties to file closing submissions by Aug 4 and replies by Aug 18.Ng is accused of deceiving investors, who include lawyers and financiers, into investing money to finance the trading of physical nickel. Read more