New Silkroutes said then that Dr Goh stepped down as its chairman to"focus on personal matters and to pursue other interests".The resignations of the two New Silkroutes directors also came after the firm announced on Oct 15 that its auditor Deloitte & Touche has given a disclaimer of opinion on the financial statements of the group for the financial year ended June 30.
Dr Goh, the medically-trained son of former Singapore prime minister Goh Chok Tong, was New Silkroutes' CEO till Oct 1, when he assumed the position of non-executive chairman., after Inter-Pacific Petroleum's judicial managers sued him in relation to an alleged breach of director's duties. Also assisting with the investigation is Kelvyn Oo, who was the executive director and chief corporate officer of New Silkroutes until he left on Aug 1.despite the IPP litigation, because that is a civil suit against him and the allegations are without merit, based on his lawyers' legal advice.appoint an independent public accounting firm
This comes after Deloitte said in its Oct 14 report that it was unable to obtain sufficient audit evidence on matters including the business rationale, commercial substance and structuring of two agreements that New Silkroutes' wholly-owned subsidiary Shanghai Fengwei Garment Accessory signed with a Chinese entity in April.