Singaporean insider trading suspect loses extradition fight
He faces six counts in the US of alleged securities fraud and money laundering offences
Singaporean insider trading suspect Ge Zhi has lost his extradition fight to the United States, where he faces six counts of alleged securities fraud and money laundering. District Judge Cheng Yuxi ruled that all legal requirements for the extradition had been met, and Ge would be surrendered to the US. The alleged international insider trading ring, led by Ge and day trader Eamma Safi, is accused of using market-moving tips between 2017 and 2024, generating over US$17 million in illegal profits.
Ge has faced multiple legal challenges, including a denial of bail in May, and has continued to argue that his mental state and blindness should be considered in the extradition decision. Despite these setbacks, Ge has indicated he is not giving up the fight against extradition to the US.
Brief written by urgent.news from The Business Times - Singapore's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
