Technology startup investor Vickers Venture Partners has been caught up in the allegedly fraudulent nickel trading scheme of a Singaporean businessman and his Envy Global Trading, prompting a review by the city-state’s monetary authority.

Vickers would be the highest-profile investor yet to have fallen victim to the suspected US$740 million ($988 million) swindle, which Singaporean authorities have said could be the biggest investment fraud the financial hub has ever seen. The alleged mastermind, Ng Yu Zhi, has been charged with a range of suspected crimes from faking the purchase and sale of nickel to falsifying transfers from Citibank and account statements that showed millions in funds.

Licensed fund managers must have policies to manage risks, including proper checks before investments, MAS said in an emailed response to Bloomberg’s queries on Thursday. “We are performing a supervisory review” of Vickers Venture Partners to “ascertain that it has met these requirements.”

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