SINGAPORE: Singapore has obtained its first guilty plea from a person accused of involvement in the October 2013 penny-stock rout, which the prosecutor called the “most audacious, extensive and injurious market manipulation scheme ever in Singapore.”
Goh Hin Calm has pleaded guilty to two of six charges under Securities and Futures Act, deputy public prosecutor Nicholas Tan said in court yesterday. Goh helped two others in perpetuating the scheme, according to the prosecutor’s statement.
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