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

Ben Paul

Published Mon, May 9, 2022 · 05:50 AM

Monetary Authority of Singapore

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.