SINGAPORE (Jan 10): Prosecution witness Ken Tai Chee Ming has admitted to using omnibus accounts to prevent authorities from detecting his illegal “wash trading” activities.

Further, Tai revealed that he had engaged in this practice even though John Soh Chee Wen and Quah Su-Ling – the alleged masterminds behind the 2013 penny stock crash, whom Tai was supposedly taking instructions from – had specifically ordered him to avoid wash trades.

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