SINGAPORE (Apr 29): John Soh Chee Wen had given a presentation on the future business plans for Blumont Group at the offices of LionGold, according to ex-remisier Andy Lee Chee Wee.

Lee was the third prosecution witness to take the stand on Monday when the trial of Soh resumed. Soh and co-defendent Quah Su-Ling stand accused of rigging the share prices of the three counters back in 2013, resulting in a crash that wiped off some $8 billion from the Singapore market.

According to Lee’s statement, Soh had painted a very positive future for the company, claiming that Blumont would be the next “Rio Tinto” and that the share price of the mining company would hit $5. Soh also said that Blumont would be the “mothership” while Asiasons Capital (now known as Attilan) and LionGold Corp would be “subsets”.

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