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Son of Singapore’s ex-PM Goh Chok Tong among 4 charged with false trading

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Son of Singapore’s former PM Goh Chok Tong among 4 men charged with false trading

Goh Jin Hian is accused of conspiring with the other three men to manipulate securities prices of New Silkroutes GroupHe was CEO of the investment holding firm from June 2015 but took over as chairman in October 2020SingaporeCNAPublished: 1:07pm, 20 Sep, 2023Why you can trust SCMPCorrected [3:43pm, 20 Sep, 2023][3:43pm, 20 Sep, 2023]

An earlier version of this story included a bullet point that incorrectly stated that Goh Jin Hian faced additional charges. Huang Yiwen is the only one of the four men who might face more charges.

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Goh Jin Hian, the former chief executive officer of Singapore-based investment holding company New Silkroutes Group, was charged on Wednesday with false trading offences.

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

He was charged along with three other men linked to New Silkroutes: Kelvyn Oo Cheong Kwan, 52, former executive director and chief corporate officer at New Silkroutes; 54-year-old William Teo Thiam Chuan, a former finance director at the group; and 40-year-old Huang Yiwen, a commercial market maker engaged by New Silkroutes.

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.

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