Soh Chee Wen among those arrested in probe into 2013 penny stock crash
Others nabbed in Singapore's largest securities fraud case include Quah Su-Ling and Goh Hin Calm
Singapore
A NUMBER of individuals who were under investigation for the 2013 penny stock crash were arrested on Thursday morning, sources told The Business Times.
These individuals included John Soh Chee Wen, who was described by the Public Prosecutor in January as the "mastermind" behind the companies at the heart of the crash; former Ipco International chief executive Quah Su-Ling; and Goh Hin Calm, former independent director at Annica Holdings and ITE Electric.
TRENDING NOW
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
Cat A COE rate exceeds Cat B for third time in 4 months; premiums largely down
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
Manulife pulls loan product for rich Hong Kong clients after scrutiny