John Soh Chee Wen – the alleged mastermind of the 2013 penny stock crash – was back in court on Dec 3, as both the prosecution and defense counsels put forth their closing submissions to Justice Hoo Sheau Peng.
This comes close to six months after the long-drawn trial – which spanned nearly 200 days – stood down. In this time, 96 prosecution witnesses had taken the stand, while the defense had called upon one witness.
Deputy Public Prosecutor (DPP) Teo Guan Siew told the court that Soh’s “stories were not believable” He went on to question how an incredibly busy man like Soh would have the time to dispense advice on trades to be done.
For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
