Were trades executed without matching phone calls from John Soh?

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Trades Executed Without Matching Phone Calls From John Soh

During the joint trial concerning the 2013 penny stocks crash, defence counsel for John Soh highlighted instances where trades were executed without corresponding phone calls from Soh to the dealer. This occurred on the 19th day of the trial, as documented in proceedings before Judge Hoo Sheau Peng. The focus of this line of questioning was a spreadsheet containing trade data that appeared to deviate from the instructions provided via phone.
Discrepancies in Trade Execution Data

The crux of the defence's argument revolved around a spreadsheet presented as evidence, which counsel Narayanan Sreenivasan used to cross-examine the 11th witness, Ong Kah Chye, a dealer at Maybank Kim Eng Securities Pte Ltd. Ong was the trading representative for four accounts linked to individuals and companies, including Peter Chen, Tan Boon Kiat, Magnus Energy Group, and Friendship Bridge Holding. Sreenivasan specifically pointed out occasions within the spreadsheet where transactions were conducted on the "same day, same counter, two accounts, one with a call, one without a call," indicating a potential disconnect between recorded calls and actual trades.
Witness Confirmation of Unmatched Calls

Ong Kah Chye confirmed that he had indeed noted instances of trades occurring without the necessary phone calls from John Soh. When questioned by Sreenivasan, Ong stated that his recollection was that no other individuals were contacted during that specific period besides John Soh. He acknowledged the possibility that instructions might have been given earlier, and importantly, confirmed that he had pointed out these trades lacking matching phone calls to the investigation officer (IO).
Limitations of Call Record Data

The prosecution, represented by deputy public prosecutor Peter Koy, acknowledged limitations regarding the comprehensive nature of the call records. Koy stated that the spreadsheet was not an exhaustive record of all calls for every number, with certain calls, particularly from landlines, potentially not being captured. The data relied on available telephone call records and known numbers, suggesting that the presented spreadsheet had inherent constraints in its completeness. John Soh and Quah Su-Ling have pleaded not guilty to numerous charges related to the stock market crash involving Asiasons, Blumont, and LionGold.

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Were trades executed without matching phone calls from John Soh?

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