Failed appeal leaves penny stock crash masterminds John Soh and Quah Su-Ling with long jail terms

Failed appeal leaves penny stock crash masterminds John Soh and Quah Su-Ling with long jail terms

The Straits Times - Singapore·2026-03-18 19:00

SINGAPORE – The Court of Appeal upheld a lower court’s sentences on March 18 and dismissed appeals by John Soh Chee Wen and Quah Su-Ling, co-conspirators behind Singapore’s 2013 penny stock crash, to reduce their jail terms of 36 years and 20 years respectively.

The court found that the sentences handed down by High Court Judge Hoo Sheau Peng were reasonable, in line with precedents from previous cases and not manifestly excessive.

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