Judge approves extradition of Singaporean wanted by the US for links to global insider trading ring
A Singaporean judge has approved the extradition of Ge Zhi to the United States to face charges related to a global insider trading ring. Ge, who was arrested in 2024, is accused of using illicit methods to trade stocks based on non-public information.
Why it matters
The case underscores international cooperation in prosecuting financial crimes and the enforcement of global securities regulations.
SINGAPORE: A Singapore judge has approved the extradition of Singaporean Ge Zhi to the United States to stand trial for his role in a global insider trading ring that used burner phones and coded language to evade detection.
Under the extradition process, the judge ordered Ge to be committed to prison to await the Law Minister’s warrant for his surrender to the US.
The decision followed a two-year legal process marked by the fugitive’s multiple bids to delay the matter.
Ge faces six charges of securities fraud and money-laundering in the US. He was arrested by Singapore police in July 2024, following an extradition request by the US.
In written grounds of decision issued on Oct 1, district judge Cheng Yuxi said all the legal requirements under the Extradition Act have been met for Ge’s committal to prison to await his surrender.
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