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r/SingaporeInvestments.
The mastermind of a scheme that led to the
largest and most serious case of market manipulation in Singapore, which wiped out S$8 billion from the Singapore stock market in 2013, was sentenced on Wednesday (Dec 28). John Soh Chee Wen, a 62-year-old prominent Malaysian businessman, was handed 36 years’ jail. His ex-partner and accomplice Quah Su-Ling was given 20 years’ jail. Quah, 57, was formerly CEO of Singapore Exchange(SGX)-listed IPCO International. Soh and Quah had been convicted of 180 and 169 charges respectively after a long-running trial spanning almost 200 days and involving close to 100 prosecution witnesses. From August 2012 to October 2013, Quah...
