JOHN Soh Chee Wen, the alleged mastermind behind the 2013 penny stock market-rigging, was said to have"substantial funds" after the crash that wiped out S$8 billion in market value.
Prosecution witness Tai Chee Ming told the High Court on Oct 3 that Soh appeared to still have substantial funds after the crash, despite Soh and Quah were estimated to have incurred S$400 million in trading losses in the crash.Mr Tai said that he helped Soh to get a shell-listed company Sino Construction post crash, in a bid to stage a comeback for the accused.
Source: News Formal (newsformal.com)
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