Former CEO of New Silkroutes Group Goh Jin Hian among 4 men charged with false trading

The 54-year-old, who is the son of former Prime Minister Goh Chok Tong, was handed 39 charges under the Securities and Futures Act.

Broadly, Goh is accused of conspiring with the other three men to create a misleading appearance of the price of New Silkroutes' securities on 31 trading days between February 2018 and August 2018. Goh is also accused of pushing up the price of New Silkroutes' securities by placing orders and executing trades using his DBS Private Bank investment account. This allegedly occurred over eight trading days between August 2018 and December 2018.Goh was represented by Mr Navin Thevar from Davinder Singh Chambers.

At the same time, his co-accused Teo also resigned as finance director, citing that it was to"focus on personal matters and to pursue other interests".

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