A server invoice tells investigators who bought the machine. It can take several more records to establish where it ended up.
Singapore police announced on November 13 that a fifth individual and two more companies had been charged in a case involving alleged fraud in server purchases. The new charges concern 917 servers that two companies allegedly bought from Aperia International. A day earlier, Singapore’s Home Affairs Ministry had described the open Megaspeed investigation and the difficulty of tracing servers beyond Malaysia. The two statements name different companies and answer different questions about the hardware.
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What police announced about the 917 servers
Police allege that Superphi and NJ Global Financial bought the servers from Aperia International in 41 transactions between May 2024 and February 2025. Police say the companies had reasonable grounds to believe the equipment represented proceeds of alleged fraud. Shi Bingzhe, a director of Superphi and chief operating officer of NJ Global, faces 41 charges over his alleged consent to the acquisitions. The companies face six and 35 charges, respectively. Those are allegations in an ongoing case. CNA reported on the new charges.
The police release says the wider server-purchase case now involves five individuals and six companies charged in court. A July police release describes earlier allegations about representations made to server suppliers Dell, Super Micro Computer, and Asus. The November statement counts the servers allegedly acquired from Aperia. It gives neither a chip count nor a serial-number list that would connect that batch to Megaspeed.
What Singapore says about Megaspeed
The Home Affairs Ministry’s account says police and customs began looking at several companies, including Megaspeed, in February 2025. It says servers bought by companies under investigation passed through Singapore on their way to Malaysia. Investigators are checking whether the equipment then went elsewhere contrary to declarations made in Singapore.
The U.S. Bureau of Industry and Security carried out a voluntary post-shipment check at Megaspeed in June 2025. In July, Singapore asked U.S. authorities for assistance obtaining information from Supermicro. The ministry said Singapore had received limited assistance or information concerning that supplier. It also said police found insufficient evidence in February 2026 to establish that former Megaspeed executive Alice Huang committed an offense relating to the possible inaccurate declarations. The ministry said she received a warning and was barred from returning to Singapore after police assessed that she had knowingly given inaccurate information during the investigation.
In its own November 12 statement, Megaspeed said it had cooperated with U.S. inspections and hired a U.S. law firm to inventory its GPUs and review its export-control practices. The statement describes the work the company commissioned. It gives no results from that review.
Which records can trace a server across borders?
Compare the purchase, shipping, and installation records by serial number where one is available. Each document answers a different question. In a 2025 parliamentary reply, Minister Tan See Leng illustrated the gap with an earlier quarter. He said billing addresses attributed 22% of Nvidia’s revenue to Singapore, while shipments physically delivered there accounted for less than 1% of total revenue. Those percentages describe the company’s quarterly revenue and cannot trace individual servers.
| Record | What it can help establish | What remains open |
|---|---|---|
| Invoice and serial list | Buyer and equipment ordered | Delivery or installation site |
| Manifest and customs declaration | Declared route and carrier | Any subsequent shipment |
| Receiving log and rack inventory | Equipment accepted and present at a facility | Earlier route without dated records |
Consider a hypothetical order billed to Singapore and delivered to a warehouse in Malaysia. The invoice and delivery receipt could both be accurate. Establishing any later movement would require another record, such as a re-export declaration or a receiving log from the next facility. A later inventory can help establish where a machine was when it was counted. Reconstructing its earlier route requires matching that serial number to dated records.
For now, the official statements identify the alleged Aperia purchases and describe the route to Malaysia for servers in the ministry’s account. They leave the final destination in the Megaspeed inquiry unresolved.
Abdessalam Alaoui
I'm Abdessalam Alaoui, founder of Musthave.AI. I write practical guides to AI models, tools, generative media.
