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John Soh, alleged mastermind behind penny stock crash arrested; to be charged on Friday

2013 Penny Stock Crash

John Soh, alleged mastermind behind penny stock crash arrested; to be charged on Friday

Gwyneth Yeo Published on Fri, Nov 25, 2016 / 7:45 AM GMT+8

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SINGAPORE (Nov 25): Singapore authorities on Thursday morning arrested a number of individuals who were being investigated over the 2013 penny stock crash and raided their homes.

Among them was John Soh Chee Wen, who has been described as the alleged "mastermind" of the crash.

The Commercial Affairs Department (CAD) has informed his lawyers at Wong Partnership that he will be charged on Friday.

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