Prior to being declared a bankrupt in May 2017, Tjoa was one of the “inner circle” of brokers and remisiers used by Soh and Quah to allegedly manipulate shares in the three counters. The eventual collapse of the counters had wiped out some $8 billion in market value.
SINGAPORE (Mar 3): Former Phillip Securities remisier Henry Tjoa admitted to raking in some $1 million in commissions from rolling the shares of LionGold Corp, Blumont Group and Asiasons Capital (now Attilan Group) over the course of a year.
However, taking the stand today as a prosecution witness in the trial of alleged 2013 penny stock crash masterminds John Soh Chee Wen and Quah Su-Ling, Tjoa said he was unsure of the exact amount he pocketed.
