Bail denied for man linked to global insider trading scheme

Bail denied for man linked to global insider trading scheme


SINGAPORE – A Singaporean said to be the leader of an international insider trading and money laundering scheme had his appeal for bail denied by the High Court on May 22.

Ge Zhi, 34, was arrested by Singapore Police Force’s Commercial Affairs Department officers in July 2024, following a request by the United States in relation to alleged securities-related offences.

In August 2024, the US government issued a formal extradition request for Ge, who was indicted on six charges, including conspiracy to commit securities fraud and aiding and abetting money laundering.

Ge, who has maintained his innocence, has been in remand since his arrest in Singapore, pending extradition proceedings.

On Nov 6, 2024, Ge applied to the State Courts to be released on bail on the basis that he was “sick or infirm”, due to blindness in his left eye and his bipolar disorder diagnosis.




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