20 March 2019
SINGAPORE, March 20 — One of the three people implicated in the 2013 penny stock crash that wiped out S$8 billion from the Singapore stock market, pleaded guilty to two of six charges of abetment in manipulating three stocks,The report said former interim Ipco International chief executive Goh Hin Calm was charged with abetment in manipulating the stocks of Blumont Group, Asiasons Capital and LionGold Corp .
The report said Goh pleaded guilty to two charges under Section 197 and Section 109 of the Penal Code, for “intentionally aiding two others in perpetrating the most audacious, extensive and injurious market manipulation scheme ever in Singapore.” The most awaited trial of the alleged penny stock crash mastermind Soh, 59, and Quah, 54, will start this Monday.