The stiff prison sentences handed down to the masterminds behind Singapore's biggest stock market manipulation is a clear testament to the authorities' resolve in acting against such misconduct, and safeguarding the island nation's reputation as an international financial centre.
<p><span>On 28 December 2022, the High Court sentenced Mr Soh Chee Wen (also known as John Soh), and Ms Quah Su-Ling to a total of 36 and 20 years’ imprisonment respectively for, among other things, orchestrating an elaborate scheme to manipulate the shares of Blumont Group Ltd, Asiasons Capital Ltd and LionGold Corp Ltd between August 2012 and October 2013, and cheating two financial institutions. </span></p>
SINGAPORE (AFP) – A Malaysian businessman convicted of masterminding a stock scam that wiped USD5.8 billion off Singapore’s exchange was sentenced yesterday to 36 years in jail by a court in the city-state. John Soh Chee Wen orchestrated the scheme, according to court documents, and his accomplice, Singaporean Quah Su-Ling, was also given a 20-year […]