Singapore grants bail for Nvidia chip smugglers in alleged $390M fraud

A judge in Singapore granted bail to three men suspected of deceiving suppliers of server computers that may contain Nvidia chips affected by U.S. export rules that bar the sale of them to certain countries, as a route to halting them being sold to organizations in China. The move comes nearly two weeks after the three men in the city-state were charged with smuggling Nvidia chips and committing fraud against Dell and Super Micro by falsely stating where the servers would be located. Singapore prosecutors said the fraud case involved servers provided by Singaporean companies and then moved to Malaysia, with transactions totaling about $390 million, per a report by Reuters. It is unclear what the final destination would be for those servers. The bail for the two Singaporean men was set at S$800,000 ($600,000) and S$600,000 each, while the third man, a Chinese national, had his bail set at S$1 million. The next court hearing will be held on May 2. The prosecution requested an eight-w ... Read full article.