SINGAPORE: Penny stock crash "mastermind" John Soh Chee Wen (pix), who along with a number of individuals were under investigation for the 2013 penny stock crash, has been arrested by authorities and will be charged on Friday, The Straits Times has learnt.
Described by the Public Prosecutor in January as "mastermind" behind the infamous penny stock crash which wiped out S$8bil in market value in just days in October 2013, Soh, 57, will be charged on Friday for his role in Singapore's biggest securities fraud case, his lawyer Tan Chee Meng told The Straits Times.
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