Home News 2013 Penny Stock Crash

Putting every sin at Soh's doorstep?

The Edge Singapore
The Edge Singapore7/9/2020 07:00 AM GMT+08  • 4 min read
Putting every sin at Soh's doorstep?
"There was a whole bunch of you playing your own games, manipulating the market. Agree or disagree?" asked Sreenivasan. "Disagree," said Gan.
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SINGAPORE (July 9): Sreenivasan attempted to get Gan to agree that his client did not have that much control over the manipulation of BAL shares as painted out to be.

According to earlier testimonies given by prosecution witnesses, including Gan, Soh in September 2013 before the crash, had urged attendees at a presentation held at LionGold’s office to buy the three stocks. Those present at the event included Quah, Gwee, Tai and Wong Xue Yu.

“If John was controlling the accounts under these people, do you agree there was no reason for him to promote the company to them? He just has to give them instructions to go and buy, right?” asked Sreenivasan. Gan disagreed, saying Soh meant to encourage them to buy.

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