Singapore News - At the centre of a US$1.1 billion (S$1.45 billion) scam, deemed by prosecutors as one of Singapore’s largest investment fraud schemes, stands alleged nickel trading fraudster Ng Yu Zhi. Ng, whose case is to be heard by the High Court, faces 105 criminal charges in. Read more at www.tnp.sg
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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.
John Soh Chee Wen the accused mastermind of the 2013 penny stock crash and his co-conspirator Quah Su-Ling were sentenced with 36 years’ and 20 years’ jail respectively.