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KUALA LUMPUR, Dec 28 — Malaysian businessman John Soh Chee Wen was sentenced today to 36 years’ jail after being found guilty of masterminding Singapore’s biggest stock...
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.
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.
<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>
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.