SINGAPORE (May 6): Only three prosecution witnesses have testified so far, but it is already becoming clear that John Soh Chee Wen and Quah Su-Ling are not the only ones on trial. Soh and Quah’s alleged manipulation of shares in Blumont Group, LionGold Corp and Asiasons Capital (now Attilan Group) through 189 trading accounts that they controlled evidently happened with the abetment of remisiers who have admitted to — among other things — knowingly taking trading instructions from people who had not been properly authorised, front-running their clients and lying to the authorities. Whether Soh and Quah are ultimately convicted, the local brokerage industry is unlikely to come off well in the court of public opinion.

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