Singapore’s Court of Appeal has upheld the convictions of John Soh Chee Wen and Quah Su-Ling, sealing their fate as the masterminds behind the largest securities fraud in the history of the Asian financial hub.
The pair were found guilty in 2022 of running a syndicate that rigged the share prices of Blumont Group, Asiasons Capital and Liongold Corp – collectively known in court documents as BAL – using money from financial institutions that had been misled into providing loans.
