MAS charges two investors with orchestrating ‘massive fraud’

Singapore

The Monetary Authority of Singapore (MAS) and Singaporean police charged two men today (November 25) with carrying out the largest market manipulation in the city-state's history.

Soh Chee Wen and Quah Su-Ling are allegedly the "masterminds" of a scheme that artificially inflated the value of the shares of Blumont Group, Asiasons Capital and Liongold Corp, ultimately leading the stocks to crash in 2013.

In a joint statement, the MAS, police and Attorney-General's Chambers accused the two of a

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