New Silkroutes Group ex-CEO Goh Jin Hian, three others charged with market manipulation

SINGAPORE – The former chief executive of Singapore-listed New Silkroutes Group, Goh Jin Hian, and three other men were slapped with a total of 132 charges related to false trading offences in the State Courts on Wednesday.

They allegedly placed orders and executed trades in the company’s shares with the purpose of pushing up its share price on 31 trading days between Feb 26 and Aug 27 in 2018. Goh faced a further eight counts of violating securities regulations. He allegedly placed orders and executed trades in the company’s securities through his DBS Private Bank personal trading account with the purpose of pushing up New Silkroutes’ share price on eight trading days between Aug 31 and Dec 4 in 2018.Goh was offered bail of $150,000, while bail for Teo, 54, was set at $100,000. Oo, 52, and Huang, 40, were each offered bail at $70,000.

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Ex-New Silkroutes Group CEO Goh Jin Hian, three others charged with market manipulationThe former chief executive of Singapore-listed New Silkroutes Group Goh Jin Hian and three other men were slapped with a total of 132 charges related to false trading offences in the State Courts on Wednesday. The other three men charged are the healthcare and energy...
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Ex-New Silkroutes Group CEO Goh Jin Hian, three others charged with market manipulationGoh, son of former prime minister Goh Chok Tong, and three others were handed a total of 132 charges. Read more at straitstimes.com.
Source: straits_times - 🏆 5. / 69 Read more »