Malaysian businessman John Soh and girlfriend found guilty in Singapore's S$8bil penny stock crash

The stock market manipulation was masterminded by John Soh Chee Wen and his girlfriend Quah Su-Ling. - LIANHE ZAOBAO, KEVIN LIM

SINGAPORE (The Straits Times/Asia News Network): Malaysian businessman John Soh Chee Wen and his girlfriend Quah Su-Ling were convicted as masterminds of Singapore's most serious case of market manipulation that wiped out more than S$8 billion from the Singapore stock market in October 2013, the High Court ruled on Thursday afternoon (May 5).

High Court judge Hoo Sheau Peng convicted Soh on 180 market manipulation, cheating and witness tampering charges and a majority of deception charges.