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Penny stock crash: First private bank rep takes stand, reveals losses

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The first private bank representative who took the stand on the 11th day of the 2013 penny stock crash joint trial here today said, his company eventually had to write-off outstanding trade losses which amounted to S$5,611,372 (RM23.3 million). Martin Thurnham who is presently Coutts & Co Ltd, Hong Kong…

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