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John Soh’s recalcitrance calls for tough stance

Penny stock crash of 2013 underscores need for law enforcement agencies that are vigilant, vigorous and even a bit vicious

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Ben Paul

Ben Paul

Published Mon, May 9, 2022 · 05:50 AM
    • Quah Su-Ling (left) and John Soh Chee Wen are accused of masterminding Singapore’s most serious case of stock market manipulation.
    • Quah Su-Ling (left) and John Soh Chee Wen are accused of masterminding Singapore’s most serious case of stock market manipulation. The Straits Times

    JOHN Soh and Quah Su Ling were found guilty this past week of a massive market manipulation operation that led to the infamous Singapore penny stock crash of 2013.

    This marked a hard-won victory for Singapore’s law enforcement authorities.

    Immediately after Justice Hoo Sheau Peng delivered her oral judgement – finding Soh guilty on 180 of 188 charges, and Quah guilty on 169 of 177 charges – the Singapore Police Force (SPF) and Monetary Authority of Singapore (MAS) reminded everyone what it took to get here.

    Monetary Authority of SingaporeSGXSoh Chee Wenblumont groupLionGold

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