Soh denied bail, faces new charges in penny stock case
Prosecutors say alleged 'mastermind' may also have manipulated ISR while under police bail
Add BT as a preferred source
Singapore
A DISTRICT judge denied bail to Malaysian businessman John Soh Chee Wen on Tuesday, as prosecutors added seven new charges of witness tampering to the alleged "mastermind" of the 2013 penny stock crash and suggested additional involvement manipulating the stock of ISR Capital.
The judge said that the totality of the evidence, which included allegations by the prosecution that Mr Soh had previously used a fake Indonesian identity to enter and leave Singapore, suggested that Mr Soh was a flight risk. The judge also accepted the prosecution's portrayal of Mr Soh as a "protagonist" in the 2013 crash and who "has significant influence over the supporting cast".
TRENDING NOW
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Father-and-son duo Raj Kumar and Kishin in exclusive due diligence to buy Scotts Square
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
The factors that make South-east Asia’s top conglomerates stand out
