Home News 2013 Penny Stock Crash

Witness Ken Tai 'disgusted' by the way boss John Soh treated his closest allies

Benjamin Cher
Benjamin Cher10/3/2019 08:03 PM GMT+08  • 7 min read
Witness Ken Tai 'disgusted' by the way boss John Soh treated his closest allies
SINGAPORE (Oct 3): John Soh Chee Wen, alleged mastermind of the 2013 penny stock crash, was a boss who did not treat closest members of his market-rolling gang well.
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SINGAPORE (Oct 3): John Soh Chee Wen, alleged mastermind of the 2013 penny stock crash, was a boss who did not treat closest members of his market-rolling gang well.

This was revealed in court on Thursday as the prosecution finished up its examination-in-chief of prosecution witness Ken Tai Chee Ming, who was once part of Soh’s “inner circle”.

In one instance, Tai revealed how some $40 million from an acquisition deal of Sino Construction -- one he helped Soh broker with Edward Lee Ewe Ming -- had been transferred to another account belonging to the mother of Soh’s alleged co-conspirator and girlfriend Quah Su-Ling. Tai had been informed of this by the then chairman of Sino Construction, Andy Chee.

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