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Masterminds of 2013's penny stock crash charged in court (Amended)

The trio are alleged to have rigged the market for Blumont, Asiasons and LionGold; Soh Chee Wen the only one denied bail

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Published Fri, Nov 25, 2016 · 09:50 PM

    Singapore

    THE curtains rose on Singapore's biggest market-rigging scandal on Friday, as the alleged perpetrators who wiped out S$8 billion from the market in the penny stock crash of 2013 appeared before the court.

    The prosecution slapped 181 charges on John Soh Chee Wen, and 178 on Quah Su Ling, the former chief executive officer of IPCO International Ltd.

    blumont group

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