SINGAPORE, June 27 -- Investigations into three men accused of fraud involving the suspected movement of Nvidia chips are still in the early stages, with Singapore prosecutors requesting more time to build the case.

Singaporeans Aaron Woon Guo Jie, 40, and Alan Wei Zhaolun, 49, along with Chinese national Li Ming, 51, were charged four months ago in a case involving an estimated US$390 million (RM1.65 billion), according to a report published in Channel News Asia today.

The men did not attend Friday's hearing at the State Courts, where the prosecution sought an eight-week adjournment, citing ongoing investigations by police.

Deputy Public Prosecutor Phoebe Tan told the court police had been "actively pursuing leads" and that the invest...