John Soh Quah Su-Ling

Duo deemed masterminds behind Singapore's biggest case of share manipulation. . Read more at straitstimes.com.

“It is important for me to state that allegations of such nature, especially of impropriety by counsel, should never be lightly made. The 58 account holders had handed over control of their accounts to Soh and Quah,” the police said. To suggest otherwise would be to encourage concealment. The judge also dismissed as “entirely unmeritorious” allegations put up by the defence that “the case constructed by the prosecution was blinkered by their ill-formed and uncompromising belief in the accused persons’ guilt, as well as their desire to pin the blame on them. According to the police, they face imprisonment of up to seven years, a fine of up to $250,000, or both for each charge under the Securities and Futures Act; imprisonment of up to 10 years and a fine, for each charge under section 420 of the Penal Code; and jail of up to seven years, a fine or both for each charge under section 204A of the Penal Code. The judge also found “the volumes of wash trading clearly support the conclusion that the accused persons’ use of the 187 controlled accounts was illegitimate”.