Ge Zhi, 34, a Singaporean citizen, was denied bail by the High Court on May 22, 2026, after being accused by US authorities of leading an international insider trading and money laundering scheme involving six charges including conspiracy to commit securities fraud and aiding money laundering [1, 2, 3, 4].
The alleged scheme generated over US$17 million in illegal profits from insider tips involving more than 15 deal targets such as Principia Biopharma Inc and Suez SA. None of the companies named in the US complaint have been accused of wrongdoing [1].
Ge was arrested by the Singapore Police Force's Commercial Affairs Department in July 2024, following a request from the US government. Since then, he has been held in remand [2, 3, 4]. The US issued a formal extradition request in August 2024 for Ge to face charges related to securities fraud and money laundering [2, 3, 4].
Ge applied for bail on November 6, 2024, citing sickness and infirmity due to blindness in his left eye—which resulted from a road accident—and bipolar disorder diagnosed since his late teens. However, his bail application was dismissed first by a district judge in December 2024 and later by the High Court in May 2026 [1, 2, 3, 4].
Justice Tay Yong Kwang ruled in the May 26 judgment that Ge was a flight risk and that his medical conditions could be managed safely in prison [1, 2, 3, 4].
Court filings have described Ge as a trader and entrepreneur who "focused on creating card games, a business he 'built from scratch through years of hard work'" [1].
Ge’s extradition proceedings have yet to be scheduled and will be set at a later date [2, 3, 4].
