Penny stock crash: Accused duo fail in bid to stay criminal proceedings

John Soh Chee Wen and Quah Su-Ling are facing 189 charges and 178 charges respectively for their role in the 2013 penny stock crash.
John Soh Chee Wen and Quah Su-Ling are facing 189 charges and 178 charges respectively for their role in the 2013 penny stock crash.

Malaysian businessman John Soh Chee Wen and his girlfriend Quah Su-Ling, who are accused of masterminding Singapore's most serious case of stock market manipulation, have failed in their bid to stay criminal proceedings against them.

Soh and Quah, who are facing 189 charges and 178 charges respectively for their role in the penny stock crash of 2013, which wiped out $8 billion in market value, claimed that "the prosecution's conduct of the trial thus far had seriously prejudiced them, rendering a fair trial impossible".

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A version of this article appeared in the print edition of The Straits Times on September 10, 2020, with the headline 'Accused duo fail in bid to stay criminal proceedings'. Print Edition | Subscribe