Lin, who had displayed a lack of remorse throughout proceedings according to prosecutors, was dealt the harshest sentence for masterminding the scheme. On top of being uncooperative, Lin provided “contrived and incredulous” responses to the Monetary Authority of Singapore (MAS) during investigations — only pleading guilty in the face of overwhelming evidence.
The last four individuals in the group of eight who manipulated the share price of Catalist-listed Koyo International have been convicted and sentenced to imprisonment for false trading and for deceiving several brokerage firms through the unauthorised use of trading accounts.
After pleading guilty to their charges, Ang Wei Jie Simon, Koh Cheo Leng, Lin Eng Jue and Chong Yew Mun Alan were sentenced to 13 months’ imprisonment, 19 weeks’ imprisonment, 42 months’ imprisonment and 11 weeks’ imprisonment, respectively.
