The financial scandal vapourised S$8bil in value from the Singapore Stock Exchange in a matter of days back in October 2013, when the prices of the three stocks that Soh and his accomplice, former chief executive of Ipco International Ltd Quah Su-Ling, have since been found guilty of manipulating, collapsed. — Bloomberg
PETALING JAYA: Malaysian businessman John Soh Chee Wen, who was the conspirator of the largest and most serious case of stock market manipulation in Singapore, was sentenced to 36 years in prison by the Singapore High Court yesterday.
The financial scandal vapourised S$8bil (RM26.2bil) in value from the Singapore Stock Exchange in a matter of days back in October 2013, when the prices of the three stocks that Soh and his accomplice, former chief executive of Ipco International Ltd Quah Su-Ling, have since been found guilty of manipulating, collapsed.
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