SINGAPORE, July 1 -- Police have seized a Good Class Bungalow (GCB) valued at about S$55 million (RM173 million) and around S$1 million in bank funds as part of an expanding fraud investigation linked to the movement of Nvidia chips in breach of US export controls.

According to a report by CNA, the GCB is located at 12 Chee Hoon Avenue.

Police said they issued a prohibition of disposal order on the property and seized funds in bank accounts, adding that the probe has led to additional charges against four individuals.

"This is the first instance of corporate entities being prosecuted in relation to these investigations," police said in a statement.

The investigation centres on three men - Aaron Woon Guo Jie, Alan Wei Zhaolun and Chine...