Wong Leon Keat, a former director at financial consultancy firm WLA Regnum, has be sentenced to eight weeks’ imprisonment and a fine of $30,000 for false trading and deceiving a brokerage firm while trading in the shares of Gaylin Holdings.         &nbs...

A DIRECTOR has been sentenced to eight weeks' jail and a S$30,000 fine on Friday for rigging the market for Gaylin Holdings (now Amos Group) as he tried to save his reputation from being tarnished by the flagging price of the counter he had recommended to investors.

FOR fear of having his reputation sullied by the falling price of Gaylin Holdings (now Amos Group) which he had recommended to investors, a former director of an investment firm and a corporate advisory firm bought shares in the counter to artificially prop up the closing price.