Home News 2013 Penny Stock Crash

Penny stock saga alleged mastermind Soh maintains he did not give instructions, was "sounding board"

Amala Balakrishner
Amala Balakrishner6/3/2021 9:46 AM GMT+08  • 7 min read
Penny stock saga alleged mastermind Soh maintains he did not give instructions, was "sounding board"
“I will be one of the go-to persons,” Soh suggested.
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John Soh is maintaining his stance that both he and his romantic partner Quah Su-Ling had not given instructions on trades in the lead up to the 2013 penny stock crash was questioned once again on June 2, the fifth day of the prosecution’s cross-examination.

Deputy Public Prosecutor (DPP) Teo Guan Siew showed the court several instances where Adeline Cheng Jo-Ee is seemingly taking instructions from Soh – the alleged mastermind of the saga – and Quah who is supposedly his co-conspirator.

Cheng runs her own firm Alethia Asset Management and has been described as Soh’s “on again, off again girlfriend,” during the trial.

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