The fourth witness for the joint trial over the 2013 penny stocks crash insisted that she was taking orders only from the second accused person Quah Su-Ling although in some occasions no trade confirmations were made. — Reuters pic
Angelia Poon, a remisier at OCBC Securities Pte Ltd since 2007, was the trading representative for 12 accounts belonging to six account holders. Poon who was called in on the 10th day of the trial was cross-examined by Su-Ling’s counsel Philip Fong Yeng Fatt of Eversheds Harry Elias LLP before High Court Judge Hoo Sheau Peng.
Fong: Since you didn’t send any SMS to Su-Ling to confirm the trade this means that she didn’t instruct the trades in those accounts. Some else had done that?Earlier, in her conditioned statement, Poon said that after executing a trade, she would “always” provide Su-Ling with a trade confirmation.
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