Home News 2013 Penny Stock Crash

Soh hits back at 'rogue' brokers' 'total lies', says manipulations were 'practical impossibilities'

Amala Balakrishner
Amala Balakrishner5/21/2021 7:0 AM GMT+08  • 9 min read
Soh hits back at 'rogue' brokers' 'total lies', says manipulations were 'practical impossibilities'
"You don’t have to prove what happened. You just have to answer the prosecution’s case,” Sreenivasan said to Soh.
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Photo of Leroy Lau: Albert Chua/The Edge Singapore

John Soh Chee Wen, alleged mastermind of the 2013 penny stock saga, tried to debunk the logic of the calculations made by an expert witness who had testified earlier. As he took the stand earlier this week, he fumbled with the calculator. “Sorry, it’s the first time I’ve used a calculator in four and a half years,” said Soh, referring to the fact that he has been in remand since November 2016.

For someone who had been involved in the stock markets for at least three decades, it was not just about getting reacquainted with the use of a calculator. At Soh’s examination in chief by his lawyer N Sreenivasan of K&L Gates Straits Law, Soh had plenty of things to say about the brokers who had earlier testified against him.

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