Singapore Finds Duo Guilty in 2013 Stock Manipulation Case
John Soh Chee Wen in 2016.
Photographer: Sam Kang Li/Bloomberg
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Singapore’s High Court convicted the main duo linked to a penny-stock rout that wiped out S$8 billion ($5.8 billion) almost 10 years ago, in what prosecutors termed as the city-state’s most serious case of market manipulation.
Malaysian businessman John Soh Chee Wen and Quah Su-Ling were found guilty for their roles in the stock crash, during a hearing in front of a packed courtroom on Thursday. The pair had faced over 100 charges each for accusations ranging from deception to price manipulation and witness tampering, and were found guilty of the majority of them.