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Apex court reserves judgement on sentences in Singapore’s largest securities fraud

Frankie Ho
Frankie Ho • 5 min read
Apex court reserves judgement on sentences in Singapore’s largest securities fraud
Lawyer for John Soh N Sreenivasan says his client got seven times more prison time than Nick Leeson. 'Is that appropriate legal principle? I don’t think it is' / Photo: Samuel Isaac Chua and Albert Chua
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The Court of Appeal heard final arguments today (Nov 21) on whether the jail terms imposed on market-rigging masterminds John Soh Chee Wen and Quah Su-Ling, architects of Singapore’s largest securities fraud, should be reduced.

The pair lost their appeal last month to overturn their 2022 convictions for manipulating the shares of Blumont Group, Asiasons Capital and Liongold Corp, collectively referred to in court documents as BAL.

Quah, who began serving her 20-year sentence on Oct 17, arrived in court handcuffed and dressed in a purple prison jumpsuit, taking her place in the dock beside Soh, who had been brought in earlier. Her toddler grandson was briefly present in the public gallery with his parents before proceedings began. Soh is serving a 36-year term.

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