Attilan Group

Witness Ken Tai admits to market manipulation for his own gain after lengthy cross-examination

SINGAPORE (Oct 4): A witness in the trial of the alleged masterminds of the 2013 penny stocks crash, John Soh Chee Wen and Quah Su Ling, today admitted to manipulation of the stock market for his own gain.

However, the witness, former broker Ken Tai Chee Ming, said he is only admitting to manipulation in order to “make him [Senior Counsel N. Sreenivasan] happy” after a protracted and frustrating back-and-forth that ended only when Justice Hoo Sheau Ping intervened.

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.

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”.

More tales of jealousy, betrayal emerge in penny stock trial

SINGAPORE (Oct 2): More tales of jealousy and betrayal have emerged from the trial of John Soh Chee Wen and Quah Su-Ling, as former abettor-turned-prosecution witness Ken Tai Chee Ming (image) returned to the stand on Wednesday.

Under examination-in-chief by the prosecution, Tai recounted the way Soh and Quah – the alleged masterminds behind the 2013 penny stock crash – had carried out their “market rolling” activities for shares in Blumont Group, Asiasons Capital (now called Attilan Group) and LionGold Corp (BAL).

Prosecution witness Ken Tai reveals more stock brokers involved in 'market rolling' web

SINGAPORE (Oct 1): Prosecution witness Ken Tai Chee Ming has exposed more names within the local stock broking community that had connections with alleged 2013 penny stock crash masterminds John Soh Chee Wen and Quah Su-Ling.

Tai, who was once part of the duo’s “inner circle”, had said in his conditioned statement that one Roger Tan had introduced him to Quah in late 2010.

In court on Tuesday, Tai revealed that Tan was the chief executive officer of Voyage Research – the spin-off of the Singapore Investors Association (Singapore) that was formerly known as SIAS Research.

John Soh trial resumes with a peek into deceit, betrayal in 'inner circle'

SINGAPORE (Sept 30): Ken Tai Chee Ming was a commissioned dealer at AmFraser Securities (now known as KGI Securities Singapore) in 2010 when he was first introduced to Quah Su-Ling and John Soh Chee Wen – the alleged masterminds behind the penny stock crash of 2013.

Within two years, Tai quickly became “a lot more involved” in the duo’s market operations, and was considered part of the “inner circle” of traders that Soh entrusted with more responsibilities. But the relationship soon soured, amid a tale of betrayal and broken promises.

Attilan lays bare links between directors past and present and vendor of acquisition target

SINGAPORE (July 3): Attilan Group, the penny stock which is urgently searching for a new core business before being forcibly delisted, has disclosed more relationships between its directors – both past and present -- and the seller of its acquisition target.

Attilan in RTO deal to transform into entertainment content producer despite delisting notice

SINGAPORE (June 27): Attilan Group, which has received a notice to delist from the Singapore Exchange on June 4, may get a new lease of life given the company is in talks with Tremendous Opportunity Fund I LP for the proposed reverse takeover of Tremendous Entertainment Group (TEG).

TEG is a producer of family entertainment content comprising broadcast, live and interactive exhibitions. Its broadcast unit produces Hi-5, the popular preschool children’s TV programme while TEG’s subsidiary Base Entertainment Asia manages the theatre at the Marina Bay Sands.

Onus on trade reps to obtain proper third-party authorisation: OCBC Securities

SINGAPORE (May 9): Woon Kok Yan, head of risk management of OCBC Securities, placed the blame squarely on trade representatives for failing to obtain formal third-party authorisation, when he took the stand in court on Day 13 of the penny stock manipulation trial of John Soh Chee Wen and Quah Su-Ling.

In his conditional statement, Woon cited the terms and conditions for account openings, as well as the SGX-ST rulebook, as rules for account holders to abide, including giving formal third-party authorisation.

Prosecution witness Lee accused of lying and concealing facts in court

SINGAPORE (May 6): The trial of John Soh Chee Wen and Quah Su Ling resumed on Monday with defence counsels accusing former Lim & Tan remiser Andy Lee Chee Wee of lying and concealing facts in court.

Soh’s lawyer, Senior Counsel N. Sreenivasan, confronted Lee, asking why he had chosen to lie despite warnings by the Commercial Affairs Department (CAD) officer before each interview. 

In the warning, interviewees are told that they could decline to answer questions if it implicated themselves, but that lying would constitute an offence.

Trial paints ugly picture of brokerage industry’s practices

SINGAPORE (May 3): With local brokerage firms already under siege from slumping commissions and waning investor interest, the ongoing trial of  John Soh Chee Wen and Quah Su-Ling in relation to the 2013 penny stock crash is unlikely to improve industry morale.

The three witnesses who have so far appeared in court are former OCBC Securities remisier Ng Kit Kiat, former RHB Securities remisier Alex Chew Keng Chiow and former Lim & Tan Securities remisier Andy Lee Chee Wee.

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