Goh Jin Hian testifies in false trading trial, says he believed market-making services 'completely legal'
"I was very sensitive to anything wrong being done because of the reputation of the individuals in the board and even to my own reputation," Dr Goh Jin Hian said as he took the stand.
Former CEO Dr Goh Jin Hian testified in his false trading trial, stating he was unaware of market-making services being illegal when New Silkroutes Group (NSG) engaged GTC Group in 2018. The 57-year-old, son of former Prime Minister Goh Chok Tong, emphasized his sensitivity towards the reputations of the company's board members, including his own.
Dr Goh claimed the monthly fee of S$60,000 charged by GTC Group was high but agreed after consulting his team. He first met market maker Huang Yiwen in February 2018, following NSG's trading suspension, to help lift the shares' price. Dr Goh testified he considered market making completely legal and that NSG was pressured to resume trading due to completed deals and limited time to engage a market maker.
Written by urgent.news from Channel News Asia's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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