SINGAPORE (May 6): Andy Lee Chee Wee, a former remisier at Lim & Tan Securities, could be the most interesting prosecution witness yet in the trial of John Soh Chee Wen and Quah Su-Ling, the alleged masterminds behind the steep rise and sudden collapse of Blumont Group, LionGold and Asiasons (now known as Attilan Group). For one thing, he is proving to be much more eloquent than the two prosecution witnesses who took the stand before him. More importantly, he appears to have more direct links to the locally listed companies that have been linked to Soh.

For starters, he was a secondary school classmate of Luke Ho Kee Yong, who would later become chief financial officer and, subsequently, CEO of Magnus Energy Group. He had also persuaded Ho to open an account with him at Lim & Tan, and later asked him to allow his account to be used by what he knew to be a “Malaysian syndicate”. Lee also attended a presentation on Blumont by Soh, which took place at LionGold’s offices. And, after the penny stock crash, Soh and Quah offered Lee a job at Sino Construction.

Lee says he took over more than 100 accounts in 2003 from another remisier at Lim & Tan named Thomas Chng. Among these were accounts in the name of Ooi Kwee Seah, Ong Kah Lee and Peter Chen Wing Hoon. Lee says Chng told him that these accounts belonged to a Malaysian syndicate, and that trading instructions would come from an individual named

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