SINGAPORE: Three stocks allegedly manipulated by Malaysian businessman John Soh Chee Wen had charted an extraordinary level of wash trading ahead of the Singaporean penny stock crash more than four years ago, a stock market expert told the High Court here.
Capital Markets Cooperative Research Centre in Australia CEO Prof Michael James Aitken testified that he ran 10 algorithms that scanned changes in volume and price plus market announcements to determine incidences of wash trading and pre-arranged trading.
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