SINGAPORE (May 14): John Soh Chee Wen’s former romantic partner, Adeline Cheng Jo-Ee, had full control over a bank account used to trade in shares related to the 2013 penny stock crash – even though she was not the beneficial owner, the court heard today.

Cheng has been named as a prosecution witness in the trial of Soh and Quah Su-Ling, the alleged masterminds behind the stock manipulation scandal, but has yet to be called to the stand.

In court on Tuesday, Hafeez Ahmad Choudry, Chief Risk Officer of Crédit lndustriel et Commercial (CIC), revealed that Cheng had full authority over a corporate account owned by a British Virgin Isle-registered company, Carlos Place Investment Limited.

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