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S’PORE’S LARGEST STOCK MARKET MANIPULATIONS – MASTERMINDS JAILED

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MASTERMINDS BEHIND SINGAPORE’S LARGEST STOCK MARKET MANIPULATION JAILED
On 28 December 2022, the High Court sentenced Mr Soh Chee Wen (also known as John Soh), and Ms Quah Su-Ling to a total of 36 and 20 years’ imprisonment respectively for, among other things, orchestrating an elaborate scheme to manipulate the shares of Blumont Group Ltd, Asiasons Capital Ltd and LionGold Corp Ltd between August 2012 and October 2013, and cheating two financial institutions.

Earlier this year on 5 May 2022[1], Mr Soh and Ms Quah were convicted of a total of 180 and 169 charges respectively after trial. The High Court found the duo guilty of charges of market manipulation and price manipulation, engaging in deceptive practices against financial institutions, and cheating two financial institutions. In addition, Mr Soh was found guilty of witness tampering charges, and charges for being concerned in the management of the three companies whilst being an undischarged bankrupt.

After hearing arguments by the Prosecution and counsel for Mr Soh and Ms Quah on 4 November 2022, the High Court meted out the following sentences today:

20221228_masterminds_behind_singapores_largest_stock_market_manipulation_jailed_1

Mr Soh and Ms Quah each indicated that they will be filing a notice of appeal against conviction and the sentences imposed, save that Mr Soh will not be appealing against the conviction for the charges under Section 148 of the Companies Act.

Chief Prosecutor, Mr Tan Kiat Pheng, said “The Prosecution is committed to act against offenders who engage in market manipulation and other offences that harm the investing public and financial market participants, and we will not tolerate any attempts to subvert our criminal justice system. We will continue to work closely with our law enforcement agencies and regulator to safeguard Singapore’s reputation as an international financial centre.”

Director of the Commercial Affairs Department (CAD), Mr David Chew, said, “We take a serious view of criminals who manipulate the stock market, as their conduct undermines the integrity of Singapore’s capital markets. In order to protect the integrity of our capital markets, the authorities will vigorously pursue and prosecute criminals who manipulate or conspire with others to manipulate our capital markets.”

Assistant Managing Director, Policy Payments and Financial Crime, Monetary Authority of Singapore (MAS), Ms Loo Siew Yee, said, “The elaborate scheme master-minded by the offenders to manipulate shares listed on SGX led to large losses by investors and harmed public confidence in the integrity of Singapore’s capital markets. The successful prosecution and stiff sentences leave no doubt as to the authorities’ resolve in acting against such misconduct. MAS will continue to work in partnership with AGC, CAD and the industry to effectively detect, deter and prosecute bad actors, with the objective of ensuring that our capital markets remain fair, orderly and transparent.”

PUBLIC AFFAIRS DEPARTMENT
SINGAPORE POLICE FORCE
28 December 2022 @ 4:05 PM

2 MEN ARRESTED FOR STEALING FROM A TEMPLE AT JALAN TAMBUR & OTHER THEFTS

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TWO MEN ARRESTED FOR THEFT IN DWELLING

The Police have arrested two men, aged 33 and 43, for their suspected involvement in a case of theft in dwelling.

On 22 December 2022 at about 5.20pm, the Police received a report of theft at a temple located along Jalan Tambur. Through ground enquiries and with the aid of images from CCTV cameras, officers from Ang Mo Kio Division established the identities of the men and arrested them on 28 December 2022 along Lorong 14 Geylang. The men are also believed to have been involved in other similar cases of theft islandwide in December 2022. Cash about $11,900 and the tools which the men were believed to have used in the thefts were also recovered as case exhibits.

The men will be charged in court on 29 December 2022 for the offence of theft in dwelling under Section 380 of the Penal Code 1871. The offence of theft in dwelling carries an imprisonment term which may extend to seven years and a fine.

Cash seized as case exhibits

GIRL’S ‘CAT’ STARTS TO BURN BECAUSE BF EAT MALA & LICK THE ‘CAT’

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I was with my boyfriend the other night, and we decided to have some mala for dinner. I love mala, and he knew that, so it was a great surprise.

We were having a great time, and then he decided to do something I wasn’t expecting. He started to lick my ‘cat’ after eating the mala!

At first, I was really into it. The way he was licking me felt really good, and I was really enjoying it. But then, my ‘cat’ started to burn. It was a burning sensation that I had never felt before.

It felt like my ‘cat’ was on fire! I was so scared that I stopped him immediately and asked him what he was doing.

The oil from the food and mala spices were still very present in my bf’s saliva and which made my ‘cat’ felt this way.

The pain and burning sensation felt so intense that I had to rush to the toilet to take the bidet to spray my ‘cat’ for a few minutes straight with water.

I even had to use ice to ice the surroundings for quite a while before my ‘cat’ started to feel better.

In the end, I was not in the mood for any more activities involving my ‘cat’ and now whenever I taste Mala, I will always remember that numbing burning sensation which I felt on my ‘cat’.

I guess I won’t be having Mala anytime soon!

BF CALCULATIVE WITH GF OVER MEAL BUT ALWAYS ‘HAO LIAN’ HE PAYS FOR EVERYTHING

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My ex-boyfriend and I have been together for a few years prior to our break up and I’ve noticed something strange about our relationship.

Whenever we go out to eat, he always asks me for money back afterwards. It started off as a joke, but it became a regular occurrence in our few years together.

Every time we go out, we’ll order our meals and then he will always ask me for money afterwards.

It got to the point where he would be calculative over who pays more times for our meals and whenever he thinks that I should pay, he would totally not bring his wallet out.

At first, I thought it was just a funny way of him being playful and I didn’t think too much of it. But then I noticed that every time we go out, he’s always asking me for money back for our meals.

I started to think that it was weird that he never offered to pay for our meals fully or offer to split the bill.

It is not as if he always pays for everything all the time, there were times where I paid the whole bill for our meals and he just take it as its a given that I should do it.

Furthermore, at that period of time, I was still schooling while he had just finally decided to start working.

On top of that, I’ve noticed that whenever we’re out with friends, he always tells them that he pays for our meals and everything.

He’ll tell them that he always takes care of the bill for our meals and that he always pays for everything. But I know that’s not true because I’ve been there and I’ve seen him ask me for money back.

I’ve tried to talk to him about it but he just brushes it off and changes the subject. I think he’s embarrassed to admit that he’s asking me for money back and doesn’t want anyone to know.

I don’t want to make a big deal out of it, but it does bother me that he’s not being honest about it.

I’ve been trying to figure out why was he doing this during the relationship. Is it because he’s really broke and can’t afford to pay for our meals and everything? Is it because he’s just too proud to admit that he can’t pay for everything?

No matter what the reason is, I felt that it’s still not right for him to be asking me for money back and then lying to our friends about it.

Even after our relationship ended, he has been trying to boast to people about how much he ‘spent’ on me on meals and everything else and how much he sacrificed for me when he knows that it is all nothing but lies.

Maybe he still cannot get over our previous relationship and wants people to think badly of me and think highly of him.

But no matter what it is, paper cannot cover fire and a lie will always be exposed one day and I am so glad that I had chosen to end our relationship back then.

52 Y.O MAN ARRESTED FOR LOANSHARK HARASSMENT, LOCKED DEBTOR’S HOME WITH PADLOCK

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MAN ARRESTED FOR LOANSHARK HARASSMENT

The Police have arrested a 52-year-old man for his suspected involvement in a case of loanshark harassment.

On 23 December 2022, the Police were alerted to a case of loanshark harassment along Bedok North Road, where the gate of a residential unit was secured with a padlock and a debtor’s note was left behind.

Through ground enquiries and with the aid of images from Police cameras, officers from Bedok Police Division established the identity of the man and arrested him on 27 December 2022. Preliminary investigations revealed that the man is allegedly involved in another case of loanshark harassment along Admiralty Drive. A mobile phone was seized as a case exhibit.

The man will be charged in court on 29 December 2022 under the Moneylenders Act 2008. For first-time offenders, the offence of loanshark harassment carries a fine of between $5,000 and $50,000, with imprisonment of up to five years, and caning of up to six strokes.

The Police have zero tolerance against loanshark harassment activities. Those who deliberately vandalise properties, cause annoyance or disruption to public safety, peace and security, will be dealt with severely in accordance with the law.

Members of the public are advised to stay away from loansharks and not to work with or assist them in any way. The public can call the Police at ‘999’ or the X-Ah Long hotline at 1800-924-5664 if they suspect or know of anyone who could be involved in loansharking activities.

PUBLIC AFFAIRS DEPARTMENT
SINGAPORE POLICE FORCE
28 December 2022 @ 10:00 PM

WAITER SERVED FOOD TO WRONG DINER, WHO COUGHED ON IT BEFORE SERVING IT TO RIGHT TABLE

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Are restaurants allowed to serve you the food they served wrongly to another diner?

As per title, what do you when you spot a server placing your order on another table by mistake? Would you reject the food?

Occurred to me… server served the food to another table. Diner was coughing. Diner informed server that they didnt order this food while still coughing. Server checked order chit and served the food to my table.

What would you guys have done?

Netizens’ comments

  • Reject it. Tell them to make it again.
  • I would ask if I can cancel the dish and explain why. No need to replenish the same dish that might get a detour.
  • I would have sent it back. If it was a couple of seconds and relatively untouched then sure no problem. But if another person was coughing over it then sorry no.
    Yes there’s the risk that the kitchen just reheats it in the back but what can you do.
  • its like passing the covid courtesy from another table.
    but if the food is relatively untouched (meaning its covered with something or sorts) then i would just eat it.
    i’m the don’t waste any food type of person
  • No, because that dish should be prepared for that specific customer. You serve the guy the wrong the dish, that’s on the restaurant. Plus this guy was coughing all over it, I’m not taking it.
  • I would go into the kitchen and cook it myself.

WOMAN JEALOUS OF HER 14 Y.O DAUGHTER & HER PERFECT LIFE – “I WISH THAT WAS MY LIFE”

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I am jealous of my daughter and her perfect life

My daughter is 14 years old. I had her when I was 16. I did not want to keep the baby, but my parents are conservative and pressured me into it. I did not want to be a mother. I was still just a child myself. Just the year before, I had never even kissed anyone before. MY pregnancy was the worst time of my life. But my parents openly celebrated the fact that there would soon be another child in the family. I did not want anything to do with the baby. My parents adopted her and have been raising her as their own. I moved in with my aunt when she was about 2 years old and cut contact with my parents. They had chosen their cravings for another child over the one they already had. It hurt me a lot. But if they wanted to play family I would let them. It’s not like they were ever decent parents to me anyways.

Sometimes I look at my daughter’s instagram when it pops up on my feed and I can’t help but wish it were my life. I can’t help but feel angry about how I was robbed of all of these moments with my parents when I gave her life. I can’t exactly blame her for what happened but at the same time, if I had miscarried would I be in this situation? She will have my father walk her down the aisle if she decides to get married, but I will not. She can have a sweet sixteen I lost mine. She will finish highschool I will not.

She actually reached out to me recently. My parents were open with her about the adoption. She wants to have a relationship with me, but I do not. I just can’t. It would be too painful for me. I feel so disgusting for my feelings towards her, but they just wont go away. And I am not going to hurt her by pretending to love her.

MUM CHEATED ON DAD, SICK OF BEING A MUM TO BOTH LAZY HUSBAND AND THE KIDS

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So back when I was teen it was discovered that my mom was carrying on an affair with another man. My dad ended up forgiving my mom and moving forward together. I held resentment for my mom for a real long time because how dare she do that to my dad. Hindsight is 20/20 though.

Well now as I am an adult (pushing 30) I can see their relationship for what it is. My dad is a great dad, absolutely wonderful, (although I can see the misogyny from how he was raised at that period of time). As a husband/ partner I can see how lousy he is. My mom is basically his mom too. She does ALL the cleaning in their house, he can’t be bothered to even wash a dish or clean up after himself, my mom does it all. The mental load, she’s takes it all. Keeping track of groceries they need for the next shopping trip. She’s in charge of paying all the bills, cooking the meals. Oh and she still has to work her regular job full time (45+ hours a week). My dads health isn’t the greatest, so my mom has also become his nurse when he is ill, managing the myriad of his medications & general health. Also, she cares for my grandma as she is sick too with a couple diseases so on top of everything she does she manages grandma’s health too. All without a thank you or you’re appreciated.

This past Christmas put everything into perspective. My mom coordinated with my siblings to all go in on a super expensive gift for him for Christmas. An item he really really wants. The effort he put into her gift? ZERO, he got her absolutely nothing. I spoke to him privately prior to gift exchange about what he got my mom, claiming well I buy her nice anniversary & birthday gifts isn’t that enough? I see the disappointment my mom feels on her face and it hurts me. She doesn’t get “just because flowers” from him. It’s like he sees her as just a person to take care of him and home.

This has been their whole relationship not just after the affair, but prior to it too. So although I absolutely do not condone cheating, I can understand why she did what she did back then. I get sad thinking of my mom and how she takes care of everyone but the person who is supposed to take care of her doesn’t do that. I catch myself thinking occasionally “they should really just get divorced”

I have learned over the years to really cherish my mom, so even if he doesn’t spoil her, I do. Take her on mini weekend trips, we go to out of town concerts together. I try to buy her small just thinking of you gifts so she can feel appreciated and loved.

GUY FALSELY ACCUSED OF MOLEST, NOW SCARED OF WOMEN – “I SHOULD REMAIN A VIRGIN”

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I’m scared of women.

I’m gonna keep this short,

Growing up I had a lot of female friend’s, but one day I was out swimming with my friends in a swimming pool, I started to drown, saw a girl swimming next to me, grabbed her butt { I was drowning, couldn’t see what I grabbed}, to pull myself up.

I was 14 back then, I got accused of misconduct and harrasing that girl by not only my teacher’s but my own parents as well, this trauma left a mark for me.

that led to avoiding all my female friend’s {except one who I’ve been friends with since I was 4 yo}, never had a girlfriend never talked to women in general.

Now I’m 21 pretty much recovered from the it till last year, my friend got falsely accused by his girlfriend/her family of harrasment,

Now I think I just should remain virgin for the rest of my life.

GIRL SLEPT WITH HER BOSS, GETS PROMOTED SHORTLY AFTER

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I’m a young professional woman in my early twenties, and I recently had a life-changing experience. About six months ago, I began working for a new company, and I quickly realized that my boss was incredibly attractive. We had great chemistry and spent a lot of time together.

I was flattered by his attention, and I started to develop strong feelings for him.

One night, after a long day at work, we decided to go out for drinks. The alcohol was flowing, and before I knew it, we were back at his place. We ended up sleeping together, and it was an incredible experience. I felt a connection with him that I had never felt before.

After that night, I was sure that I had ruined my career. I was scared to even go into the office the next day, but I was surprised to find that nothing had changed. My boss was still as friendly and professional as he had always been.

At first, I thought that I had gotten lucky. But then something even more unexpected happened – I got promoted! I was suddenly in a position of power, and I was one of the most successful people in the company. People started to take notice of me, and I felt like I had finally made it.

I was grateful for the promotion, but I also felt guilty. I knew that my relationship with my boss had gotten me to this point, and I felt like I had taken advantage of the situation.

The truth is, I’m not sure if my boss promoted me because of our relationship or not. It could have simply been because he felt that I was a valuable asset to the company. But the fact remains that I did sleep with my boss, and shortly after I got promoted.

I’m still not sure how I feel about the whole situation. On one hand, I’m grateful for the promotion and the recognition that I have received. But on the other hand, I can’t help but feel guilty. I know that I should have kept my professional and personal lives separate, and I regret not doing so.

No matter how I feel about the situation, I’m still going to make sure that I’m the best employee that I can be. I’m going to work hard and continue to prove to my boss that I’m a valuable asset to the company. I’m determined to show everyone that my promotion wasn’t just because of my relationship with my boss