12-28-2022, 11:43 AM
![[Image: Soh-Chee-Wen-and-Quah-Su-Ling-100x70.jpg]](https://s3media.freemalaysiatoday.com/wp-content/uploads/2022/05/Soh-Chee-Wen-and-Quah-Su-Ling-100x70.jpg)
PETALING JAYA: Malaysian businessman John Soh Chee Wen has been sentenced to 36 years in jail in Singapore for masterminding the island republic’s biggest stock market manipulation.
According to a report in The Straits Times, his co-conspirator Quah Su-Ling, was handed 20 years.
he duo were found to have manipulated the share prices of Blumont Group, Asiasons Capital and Lion-Gold Corp — collectively known as BAL — between August 2012 and October 2013, and in the process wiped out nearly S$8 billion (RM27 billion) of the market’s capitalisation at the end of their spree.
Both are appealing their sentences.
Source: FMT