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
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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Mapletree Industrial Trust Q4 DPU rises 0.9% to S$0.0336
Nasdaq’s profit falls as shaky economy keeps IPO revival elusive
iFast Q1 net profit surges on ePension unit performance
Suntec Reit Q1 DPU down 13% to S$0.01511 in absence of capital distribution
US: Wall St opens lower as Meta Platforms, economic data weigh
Sheng Siong Q1 net profit up 9.3% on higher revenue