Jail for ex-Jade Tech boss over failed takeover bid

[Behappyalways]

Jail for ex-Jade Tech boss over failed takeover bid
http://www.channelnewsasia.com/news/sing...50402.html

[brattzz]

this time he famous, 1st of the kind in singapore!

SINGAPORE: Anthony Soh Guan Cheow, a medical doctor turned businessman, was on Friday (Aug 14) sentenced to 8 years and 9 months’ jail and fined S$50,000 in connection with a failed takeover bid for Jade Technologies Holdings in 2008.

[GPD]

Wow, if he did managed to cash out most of his shares, he could have gotten $50mil of out it. A fine of $50k is peanut. Less than a year later, he will still gets to enjoy his ill-gotten money.

[CityFarmer]

Wow, if he did managed to cash out most of his shares, he could have gotten $50mil of out it. A fine of $50k is peanut. Less than a year later, he will still gets to enjoy his ill-gotten money.

Less than a year later? I thought he got more than 8 years??

[GPD]

Wow, if he did managed to cash out most of his shares, he could have gotten $50mil of out it. A fine of $50k is peanut. Less than a year later, he will still gets to enjoy his ill-gotten money.

Less than a year later? I thought he got more than 8 years??

Oh I see wrongly. Thought was 8 months. Well 8 years for $50mil. Still a good bargain.

[CityFarmer]

Wow, if he did managed to cash out most of his shares, he could have gotten $50mil of out it. A fine of $50k is peanut. Less than a year later, he will still gets to enjoy his ill-gotten money.

Less than a year later? I thought he got more than 8 years??

Oh I see wrongly. Thought was 8 months. Well 8 years for $50mil. Still a good bargain.

I really doubt he can benefit from the offense. I didn't dig in further. It is either the the proceeds has been forfeited or pending further action...

[Behappyalways]

Jade Technologies' ex-boss gets longer jail term after failed appeal
http://business.asiaone.com/news/jade-te...led-appeal