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Former CEO of Oriental Group Limited jailed for market manipulation

Bryan Wu
Bryan Wu • 3 min read
Former CEO of Oriental Group Limited jailed for market manipulation
Lee Wan Sing was sentenced to nine years’ jail on Nov 7 for leading a scheme to manipulate the price of the company’s shares.
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The former CEO of Oriental Group Limited (OGL), previously listed on the Singapore Exchange S68 (SGX), was sentenced to nine years’ jail on Nov 7 for leading a scheme to manipulate the price of the company’s shares.

Lee Wan Sing, who was the CEO of steel bar trading firm OGL from 2014 to May 2016, conspired with the company’s former group financial controller, former investor relationship manager and two of OGL’s shareholders to push up the company’s share price between April 2015 and January 2016.

Its shares were listed on the Catalist board of SGX from February 2010 until OGL's liquidation in May 2019. 

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