SINGAPORE (April 29): John Soh Chee Wen had given a presentation on the future business plans for Blumont Group at the offices of LionGold, according to ex-remisier Andy Lee Chee Wee.

Lee was the third prosecution witness to take the stand on Monday when the trial of Soh resumed. Soh and co-defendent Quah Su-Ling stand accused of rigging the share prices of the three counters back in 2013, resulting in a crash that wiped off some S$8 billion from the Singapore market.

According to Lee’s statement, Soh had painted a very positive future for the company, claiming that Blumont would be the next “Rio Tinto” and that the share price of the mining company would hit S$5. Soh also said that...(click on link for full story on theedgesingapore.com)