SINGAPORE (Oct 11): Prosecution witness Chiam May Ling, the former human resource officer at IPCO International, has revealed that alleged 2013 penny stock crash co-conspirator Quah Su-Ling was seldom at the IPCO office, despite being its then chief executive.

In court on Oct 10, Chiam and another witness, former IPCO company driver Najib Mohamed Najib Abdul Rashid, had identified the office as an “admin centre” of sorts for the movement of funds in the scheme.

Chiam had revealed that a spreadsheet of all the bank account holders’ details and the cheques issued, along with the cheque books, were kept in a safe in IPCO’s office. 

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