Committal hearings begin for 2013 penny stock crash case

Malaysian businessman John Soh Chee Wen and the former chief executive officer of IPCO International Quah Su-Ling stand accused of masterminding the crash, which in three days in October 2013 wiped out S$8 billion in shareholder value from the Singapore Exchange.

PHOTO: ST FILE

Singapore

A COMMITTAL hearing to determine whether there is sufficient evidence for the 2013 penny stock crash case to proceed to trial began on Wednesday in the Supreme Court.

Malaysian businessman John Soh Chee Wen and the former chief executive officer of IPCO International Quah