Singapore is looking into a Malaysian businessman’s involvement in the city’s largest securities-fraud probe, where three companies suffered an unexplained free-fall that wiped out S$8 billion ($5.6 billion) in a penny-stock rout in 2013.
The investigation into John Soh Chee Wen’s role emerged in Singapore court proceedings Wednesday when he sought permission to leave the country. His application was denied. Soh, 57, has been assisting the Commercial Affairs Department in its ongoing probe of suspected stock-trading irregularities related to Asiasons Capital Ltd., which has been renamed Attilan Group Ltd., Blumont Group and LionGold Corp., according to his lawyer, Tan Chee Meng. He hasn’t been charged.
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