Home Issues 2013 Penny Stock Crash

John Soh claimed ex-SGX chief regulator Teng fed him updates on CAD probe: Prosecution witness

Stanislaus Jude Chan
Stanislaus Jude Chan2/18/2020 9:15 PM GMT+08  • 7 min read
John Soh claimed ex-SGX chief regulator Teng fed him updates on CAD probe: Prosecution witness
Ken Tai, who was once part of John Soh's "inner circle", alleges that former SGX chief regulatory officer Richard Teng had fed Soh with information on the Commercial Affairs Department's probe on the market manipulation scandal.
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SINGAPORE (Feb 18): Former abettor-turned-prosecution witness Ken Tai Chee Ming in court on Feb 18 alleged that Richard Teng, the former chief regulatory officer of the Singapore Exchange (SGX), was feeding information to penny stock crash mastermind John Soh Chee Wen.

At the time of the crash in October 2013, Teng was the deputy chief regulatory officer at SGX.

In January 2014, Teng was promoted to chief regulatory officer of the bourse – a position he held for just over a year before he took on his current role as CEO of Abu Dhabi Global Market’s (ADGM) Financial Services Regulatory Authority.

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