A Singapore Police Force report is doing the rounds, suggesting Torque Trading is preemptively hoping to undermine victim complaints.

The Police Report is designated NP299, which as I understand is a general report.

The report number is A/20210214/7007, filed at Central Division HQ, Cantonment Complex, Singapore.

The filer is Bernard Ong Hock Fong, CEO of Torque Trading and Director of Snap Innovations.

The date the report was filed is February 14th. Ong’s personal details and the “location of incident” have been redacted.

As alleged in the report, Ong has reported

unauthorised crypto-trading activites and dishonest conduct by the former Chief Technology Officer of Torque Group (offences committed in Vietnam against BVI and Vietnamese operating entites and their international customer base by a Singaporean citizen).

The statement provided by Ong reveals the true intent of the filing (which I’ll address later).

We are filing this report on behalf of Torque Group Holdings Ltd. (British Virgin Island Company No. 2024611).

Torque Group has engaged the services of Torque Technologies Co. Ltd (Vietnam Company Registration No. 0316214218) to develop IT services for Torque Group.

Neither company is domiciled, registered or present in Singapore. Neither company has business operations in Singapore.

This is of course bullshit, seeing as Ong and friends literally ran Torque Trading from within Singapore itself.

The offences against these companies (
and by implication, against funds belonging to international customers of these companies
) did not occur in Singapore, but rather in Vietnam.

However, the suspected individual is a Singapore citizen ordinarily resident [sic] in Vietnam.

The suspected individual is the former CTO of Torque Technologies, a Mr. Wu Zhongyi (alias Zee Wu).

Wu’s Singapore National Registration identity number and passport number are redacted.

We are filing this police report with the Singapore Police Force as the suspected individual has gone missing and might surface in this country of citizenship or might travel on a passport issued by his country of citizenship.

The report goes onto detail previously allegations made in
Torque Trading’s “bad trades” exit-scam
.

Authorities in south-east Asia are 
notorious
for not doing anything if MLM related crime leads offshore.

Here we have Torque Trading setting up Singapore Police with breadcrumbs that lead to the BVI and Vietnam.

They know Singapore Police are unlikely to follow either thread, largely owing to jurisdictional issues.

So why bother a filing a police report then?

The idea is that any victim complaints will lead back to this complaint, Singapore Police will see Vietnam and BVI, shrug and file the complaint into the “too hard” basket.

Days will drag into weeks, weeks into months… and that’ll be that.

Wu Zhongyi will never be heard from again, it’s all part of the plan.

Should an officer at Singapore Police Force actually investigate, or better yet some

🤖 Quick Answer

What is the Singapore Police Report filed by Torque Trading's CEO?
Police Report NP299 (A/20210214/7007) was filed on February 14th at Central Division HQ by Bernard Ong Hock Fong, CEO of Torque Trading. The report alleges unauthorised crypto-trading activities and dishonest conduct by the former Chief Technology Officer of Torque Group, involving offences against BVI and Vietnamese entities and their international customers.

Why is the police report considered significant in the Torque Trading case?
The filing suggests Torque Trading may be attempting to preemptively undermine victim complaints through official channels. By reporting alleged misconduct by former leadership, the company positions itself as a victim rather than perpetrator, potentially influencing subsequent investigations and regulatory responses to customer fraud allegations.

What details were redacted from the official police report?
Ong

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