SINGAPORE: Malaysian businessman John Soh Chee Wen (pic) and two others have been committed to a full trial over charges of masterminding a scheme that led to the collapse of Singapore penny stocks more than four years ago. As per Section 181 of the Criminal Procedure code, he also offered the accused a chance to make a statement before the matter goes to trial. However, the accused chose to remain silent and their lawyers said they would be entering a defence during the trial. They were charged with manipulating three penny stocks — LionGold Corp, Blumont Group, and Asiasons Capital (since then renamed Attilan) — back in 2013. Litigation of the trial is expected to take between one and one-and-a-half years.

Source: The Star June 01, 2018 12:33 UTC