Photographer: Brent Lewin/Bloomberg

Singapore Probes Malaysian’s Role in 2013 Penny-Stock Rout

Updated on
  • Stock plunge had `huge impact' on Singapore markets: MAS
  • 25 trading representatives assisting probe or had role in rout

Singapore is looking into a Malaysian businessman’s involvement in the city’s largest securities-fraud probe, where three companies suffered an unexplained free-fall that wiped out S$8 billion ($5.6 billion) in a penny-stock rout in 2013.

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