Prosecution witness Tjoa says feared being charged for market manipulation

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SINGAPORE (March 2): Prosecution witness Henry Tjoa in court on Monday said he was concerned that he would be charged for market manipulation “from the very first day” he was roped into market rolling operations by alleged 2013 penny stock crash masterminds John Soh Chee Wen and Quah Su-Ling.

However, he maintained he only took instructions from Soh and Quah, as well as other brokers and remisiers in the alleged masterminds’ “inner circle”, such as Ken Tai Chee Ming and Dick Gwee Yow Pin.

A former top remisier with Phillip Securities before succumbing to bankruptcy in October 2013, Tjoa was one of those used by Soh and Quah to allegedly manipulate shares in...(click on link for full story on