Black Thursday
On 2 Dec 1985, the Singapore Stock Exchange shut for three days. Overnight, the shares of Pan-Electric Industries were reduced to nothing, leading to the downfall of many brokerage firms and investors. But weeks before, alarm bells were already ringing for financial journalist, Conrad Raj. As news of Pan-El's burgeoning debt come to light, Glenn Knight and the newly established Commercial Affairs Investigation Department (CAID) are tasked to investigate.
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On 2 Dec 1985, the Singapore Stock Exchange shut for three days. Overnight, the shares of Pan-Electric Industries were reduced to nothing, leading to the downfall of many brokerage firms and investors. But weeks before, alarm bells were already ringing for financial journalist, Conrad Raj. As news of Pan-El's burgeoning debt come to light, Glenn Knight and the newly established Commercial Affairs Investigation Department (CAID) are tasked to investigate.
Unknown to many, blue-chip darling Pan-Electric Industries has been borrowing heavily from banks. The high volume of Pan-El shares trading catches the attention of journalist, Conrad Raj, who senses something is up.
Unknown to many, blue-chip darling Pan-Electric Industries has been borrowing heavily from banks. The high volume of Pan-El shares trading catches the attention of journalist, Conrad Raj, who senses something is up.
After three tense days of forced closure, the Stock Exchange of Singapore reopens. While Conrad tries to find Peter Tham, the CAID team begin their investigation on Tan Kok Liang and Tan Koon Swan.
After three tense days of forced closure, the Stock Exchange of Singapore reopens. While Conrad tries to find Peter Tham, the CAID team begin their investigation on Tan Kok Liang and Tan Koon Swan.