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

A Singapore judge granted the guarantee of three men suspected of deceiving the suppliers of servers that may contain NVIDIA chips affected by the American export rules that prevent them from being sold to certain countries, as a way to stop them to organizations in China.

This step comes nearly two weeks after the three men in the city accused the city of smuggling NVIDIA chips and committing fraud against Dell and Super Micro by determining where the servers are.

Prosecutors in Singapore said that the fraud case involves servers submitted by Singaporean companies and then moved to Malaysia, where the total transactions reached about 390 million dollars, for each report by Reuters. It is not clear what will be the final destination for these servers.

The guarantee of the two Singaporean men was set at $ 800,000 Singapore ($ 600,000) and 600,000 Singapore dollars each, while the third man, a Chinese citizen, has reached the bail at $ 1 million Singapore. The next court session will be held on May 2.

The prosecution request for a delay for eight weeks to complete the investigations and request specific conditions, including preventing men from airports or border checkpoints and prohibiting them from discussing the case if they were released on bail, for each Bloomberg. According to the Chinese man, the Chinese man is to wear an electronic monitor.

According to the last annual NVIDIA report, Singapore represented 18 % of revenues in the fiscal year that ended on January 28, despite shipments to the country that make up less than 2 % of sales.

Chinese Dibsic attracted global attention in the artificial intelligence industry in January due to advanced technology and cost -effective solutions, which led to increased interests on how and location of the chips sources. Deepseek’s AI is run by NVIDIA chips, despite efforts to restrict exports and prevent technology use in China.

Malaysia said last week that it would take “necessary measures” against the Malaysian companies involved in the case of fraud related to the alleged transportation of NVIDIA from Singapore to China.