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Penny stock crash mastermind John Soh jailed 36 years, co-conspirator Quah gets 20 years

SINGAPORE (The Straits Times/Asia News Network): John Soh Chee Wen, the mastermind of Singapore’s biggest case of stock market manipulation that wiped out nearly S$8 billion in market value in October 2013, on Wednesday (Dec 28) was sentenced to 36 years in jail, while his co-conspirator Quah Su-Ling was handed 20 years.
Henry Tjoa Barings Nick Leeson Chee Wen Leroy Lau Hoo Sheau Peng Ken Tai

Singapore sentences stock market manipulator to 36 years in jail

Singapore’s High Court has sentenced the masterminds behind the country’s largest stock market manipulation to decades in jail, according to a joint statement on Wednesday from the Attorney-General’s Chambers, Singapore Police Force and Monetary Authority of Singapore.
Siew Yee Singapore High Court Blumont Group Singapore Police Liongold Corp Monetary Authority Of Singapore

Masterminds Behind Singapore's Largest Stock Market Manipulation Jailed, Joint Statement By Singapore Attorney-General's Chambers (AGC), Singapore Police Force (SPF), Monetary Authority Of Singapore (MAS)

<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>
Siew Yee Chee Wen Kiat Pheng Affairs Department Asiasons Capital Ltd Monetary Authority Of Singapore

Singapore sentences SGX sharemarket manipulators John Soh and Quah Su-Ling to 36 years and 20 years in jail, respectively, for affecting the share prices of Blumont Group, Asiasons Capital and LionGold

Quah Su-Ling, who got 20 years, and John Soh were found to have manipulated the share prices of Blumont Group, Asiasons Capital and LionGold.
Siew Yee Blumont Group Singapore High Court Singapore Police Monetary Authority Of Singapore High Court
Source: afr.com

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John Soh, Quah Su-Ling found guilty in Singapore's S$8bil penny stock crash

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).
Chee Wen Hoo Sheau Peng Straits Times Asia News Network High Court Asia News Network John Soh Chee Wen

S$8bil penny stock crash: How the 'most audacious' market manipulation scheme unfolded

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.
Chee Wen Annica Holdings Affairs Department Monetary Authority Of Singapore Kipco International Blumont Group

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