Singapore warned that it’s sparing no effort in its largest securities-fraud probe as it seeks to shore up confidence after an S$8 billion stock rout in 2013….
The white-collar crime agency and the Monetary Authority of Singapore announced in April 2014 they were probing suspected stock-trading irregularities related to Asiasons Capital Ltd, Blumont Group and LionGold Corp. The stocks had surged by at least 800 per cent in the nine months before their shares plunged. That spurred brokers to clamp down on margin lending and dented trading sentiment.
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