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SINGAPORE – A former remisier testified that when he asked his client Quah Su-Ling if she was manipulating the market, she gave him the response “What are you scared of? My house is full of lawyers”.
Quah and her co-accused John Soh Chee Wen now stand trial over the alleged manipulation of penny stocks Blumont Group, Asiasons Capital (now known as Attilan Group) and LionGold Corp in August 2012 to October 2013. The counters rocketed more than 800 per cent in a span of nine months before crashing on Oct 4, 2013, triggering a wider penny stock rout that wiped $8 billion from the Singapore stock market.
Malaysian businessman Soh faces 189 charges, including eight counts of allegedly tampering or attempting to tamper with witnesses, while Quah faces 178 charges. A third defendant, Goh Hin Calm, was sentenced to 36 months’ jail in March after pleading guilty to two of six charges of abetment. Four other charges were taken into consideration.
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