Witness James Hong has been impeached by the prosecution for multiple inconsistencies in the testimonies he gave in court, versus statements he made earlier to the police.

Hong, a former executive director of Blumont Group, recently took the stand at the long-running trial of John Soh Chee Wen and Quah Su-Ling. The duo are on trial for allegedly orchestrating a massive share manipulation scheme that sent the prices of Blumont, LionGold Corp (since renamed Shen Yao Holdings) and Asiasons Capital (renamed Attilan Capital and subsequently, delisted).

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