[Tee tiong huat]

This is another show media can think and come up.
https://www.channelnewsasia.com/singapor...sh-4972926

After a lengthy trial spanning almost 200 days and involving close to 100 prosecution witnesses, both, ahh found guilty of what was said to be the most serious case of market manipulation in S'pore.


From August 2012 to October 2013, Quah and Soh artificially inflated the share prices of three penny stocks - Blumont, Asiasons and LionGold.

According to the prosecution, the pair arranged and controlled infrastructure nominee accounts that traded among themselves and with unknowing market participants, creating an impression of demand and supply for these shares.

They concealed their involvement in these accounts and deceived financial institutions into granting hundreds of millions of dollars in financing to further the scheme.

Their plans unravelled on Oct 4, 2013 when the share prices of the three companies crashed, erasing S$8 billion in market capitalisation from SGX.