The Commercial Affairs Department is currently investigating into the business activities of Envy Asset Management Pte Ltd (“Envy Asset Management”) and Envy Global Trading Pte Ltd (“Envy Global Trading”) for alleged fraud.
These companies were raising funds from investors to supposedly finance commodity trading activities in nickel. The investors were promised varying returns, depending on the scheme they joined. Investigations arose due to the suspicion that investor monies were misused.
A 34-year-old man, who is one of the directors of Envy Asset Management and Envy Global Trading, has been arrested for suspected cheating in connection with this investigation. Police investigations are ongoing.
Anyone who has invested with Envy Asset Management or Envy Global Trading is advised to lodge a police report. You are encouraged to lodge your report online via https://eservices.police.gov.sg/content/policehubhome/homepage/police-report.html. To assist us in our review of your police report, you should state clearly:
- the name and contact details of the Envy Asset Management or Envy Global Trading staff you dealt with
- the date and amount of your investment as well as any withdrawals.
You should also attach/upload a copy of the documents made to and received for the investment (eg. investment agreements, bank statements, receipts, bank transfer forms).
Alternatively, you may bring with you a copy of the above-mentioned documents and lodge a police report at the nearest Neighbourhood Police Centre or any Neighbourhood Police Post.
SINGAPORE POLICE FORCE
19 February 2021 @ 11:30 PM