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SINGAPORE - The multimillion-dollar Pagani Huayra supercar owned by beleaguered businessman Ng Yu Zhi was among the $100 million worth of assets seized by the Commercial Affairs Department (CAD), The Straits Times understands. Ng, the 33-year-old director of Envy Asset Management and Envy Global Trading, was charged last week with two counts of cheating fund management firm Envysion Wealth Management and its chief executive, Ms Shim Wai Han, of at least $48 million. Ng also faces two charges of being a party to his two firms, which were operated for fraudulent purposes. At least $1 billion is believed to have been invested with Ng's two firms to purportedly finance nickel trading, making this one of the largest financial fraud cases in Singapore. Industry sources valued Ng's Pagani Huayra - the only one in Singapore - at between $7 million and $8 million. A brand new one would cost about $12 million. ST understands that the car was previously owned by Mr Steven Goh, chief executive of Ossia International. The rare Italian supercar, which was first registered in 2017, was showcased at Envy Motors' showroom, according to the company's Facebook post in October 2019. Accounting and Corporate Regulatory Authority (Acra) records showed Ng as a director of the car dealership from 2018. He was a shareholder of Envy Motors from May 22, 2018, to Oct 30, 2019. Acra records also showed that Ng was involved in Swag EV, which deals with electric scooters, where Ms Shim of Envysion Wealth is also a director. Ng ceased his directorship with Swag EV earlier this month. ST understands that Ng's Porsche 911 GT3 was also seized. Ng's Ferrari 488 Pista Spider and a Toyota Lexus LS500, which came with one of the most sought-after vehicle number plates, S11T, had been sold. A used car dealer who asked not to be named confirmed that he had bought the Toyota Lexus and the vehicle number plate. Ng had apparently paid several hundred thousands of dollars for the car and number plate from the same dealer previously.