SINGAPORE - The Singapore court on Thursday sentenced a former CGS-CIMB Securities employee to 20 months and 18 weeks' jail for her involvement in manipulating trading in the shares of Catalist-listed Koyo International between August 2014 and January 2016.
Alleged mastermind Lin Eng Jue, 43, was introduced to Lau by the Koyo CEO in January 2015, where he then asked for Lau's assistance in the scheme. Those who provided their trading accounts were promised a commission of 10 per cent from any profits made through their accounts, and that any losses incurred would be paid by the scheme members.
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