Ex-Jade director sentenced to record jail term and fine

Singapore

FORMER Jade Technologies Holdings director Anthony Soh Guan Cheow, convicted of share rigging and insider trading, has been sentenced to eight years and nine months in jail and fined S$50,000 - the highest sentences imposed for such offences in Singapore to date.

Soh, 60, was convicted on all 39 charges against him under the Securities and Futures Act (SFA) and the Companies Act, in connection with a failed takeover bid for Jade Technologies.

Of these, 11 charges proceeded at trial. They included one count under Section 140 of the SFA - the first time …