SINGAPORE: Singapore's police force and central bank are investigating suspected trading irregularities in companies at the centre of a penny-stock crash last year, the Monetary Authority of Singapore said late on Wednesday.
Share prices in Blumont Group Ltd, LionGold Corp Ltd and Asiasons Ltd crashed last October, wiping out around S$8 billion ($6.35 billion) in market value in just two days after huge run-ups. The scandal led to a series of proposed reforms to the city-state's stock trading rules.
Already a subscriber? Log in
Get 20% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
