Home News 2013 Penny Stock Crash

IPCO office was 'admin centre' for penny stock manipulation, court told

Pauline Wong
Pauline Wong10/11/2019 07:00 AM GMT+08  • 4 min read
IPCO office was 'admin centre' for penny stock manipulation, court told
SINGAPORE (Oct 14): The explosive revelations from the second tranche of witnesses in the trial of John Soh Chee Wen and Quah Su-Ling, the alleged masterminds behind the 2013 penny stock crash, do not appear to be dying down.
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SINGAPORE (Oct 14): The explosive revelations from the second tranche of witnesses in the trial of John Soh Chee Wen and Quah Su-Ling, the alleged masterminds behind the 2013 penny stock crash, do not appear to be dying down.

Witness testimony has revealed that the office of IPCO International appeared to be some sort of “administration centre” for the movement of funds in the scheme Soh and Quah allegedly orchestrated.

Najib Mohamed Najib Abdul Rashid, who was IPCO’s company driver, told the court on Oct 10 that he would cash cheques made out to him by former interim CEO of IPCO Goh Hin Calm (GHC) or IPCO human resource officer Chiam May Ling (pictured above).

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