Two people were found guilty Thursday of masterminding Singapore's "most serious case" of market manipulation, wiping US$5.8 billion in a penny-stocks scam nearly a decade ago.
SINGAPORE (The Straits Times/Asia News Network): Malaysian businessman John Soh Chee Wen and his girlfriend Quah Su-Ling were convicted as masterminds of Singapore's most serious case of market manipulation that wiped out more than S$8 billion from the Singapore stock market in October 2013, the High Court ruled on Thursday afternoon (May 5).
KUALA LUMPUR, May 5 Malaysian John Soh Chee Wen and co-conspirator Quah Su-Ling have been convicted of 180 and 169 charges, respectively, for their role in the 2013 penny stock crash in Singapore. According to The Edge Singapore, former MCA star Soh and Quah were found guilty on criminal.
SINGAPORE (The Straits Times/Asia News Network): After nearly 200 days of trial over the past three years, the Singapore High Court on Thursday (May 5) found penny-stock saga masterminds John Soh and Quah Su-Ling guilty of a whopping 349 charges, nearly all involving share manipulation and cheating.