SINGAPORE (May 31): The trial of John Soh Chee Wen and Quah Su-Ling, the alleged masterminds behind the 2013 penny stock crash, has been adjourned after five consecutive weeks of hearing. But it is expected to get more exciting when the hearing resumes in August.
So far, a number of prosecution witnesses have been compelled, under cross-examination, to admit to have lied or told half-truths. At best, they appeared unsure and admitted to flouting procedures.
Still, these witnesses, especially the remisiers, are considered to be at the periphery of the case. Presumably, they played no part in the planning of the share manipulation, and were happy to execute the series of trades that led to higher commissions.
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