A Singaporean man has been sentenced to two months in jail after using fictitious loan agreements to fraudulently stand bail for his son-in-law, Ng Yu Zhi, the alleged mastermind of a S$1.5 billion (US$1.18 billion) nickel investment fraud said to have duped nearly 950 investors. Chua Eng Kiam, 68, lacked the personal funds to furnish the S$1.5 million bail sum and instead signed sham borrowing documents arranged by Ng to deceive the court into believing he was a legitimate surety. The case highlights the risks of bail indemnity arrangements, which prosecutors said undermine Singapore's bail system by removing any financial incentive for a surety to ensure the accused complies with court conditions; Ng himself remains on trial on more than 100 charges including forgery, cheating, and fraudulent trading.