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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

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    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.

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    Monetary Authority of SingaporeSGXSoh Chee Wenblumont groupLionGold

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