: Malaysians Soh Chee Wen, and Quah Su-Ling were today convicted by the Singapore High Court for market manipulation and cheating offences involving an elaborate scheme to manipulate the shares of Blumont Group Ltd, Asiasons Capital Ltd, and LionGold Corp Ltd.
In particular, the statement said the trades between the controlled accounts were conducted to generate artificial liquidity and demand for these shares, to cause the share prices to rise over time, and to retain control of large amounts of shares without disclosing this to the market.“This is the largest market manipulation case in Singapore’s history,” said the statement.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
S$8bil penny stock crash: How the 'most audacious' market manipulation scheme unfoldedSINGAPORE (The Straits Times/Asia News Network): After nearly 200 days of trial over the past three years, the Singapore High Court on Thursday (May 5) found penny-stock saga masterminds John Soh and Quah Su-Ling guilty of a whopping 349 charges, nearly all involving share manipulation and cheating. Come over here. 😂😂😂 In Malaysia they only COMPOUND you for cooking the books ... and you wont be charged ! Correct ? SecComMY AGCPutrajaya BursaMalaysia This is great news! Welcome to trading! $ERBB is my suggestion for the best stock to start your journey. Buy Now!
Source: staronline - 🏆 4. / 75 Read more »
Stocks inch up, US yields near 3pc as markets ready for Fed hike | Malay MailMILAN, May 3 — World stocks rose slightly today and US 10-year Treasury yields held near 3 per cent as investors prepared for the Federal Reserve’s biggest rate hike since 2000. In a busy week for central bank meetings, Australia’s central bank raised its key rate by a bigger-than-expected 25...
Source: malaymail - 🏆 1. / 86 Read more »