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Singapore's High Court holds Goh Jin Hian liable for $146m losses at insolvent company Inter-Pacific Petroleum due to failure to prevent fraud.
Singapore's High Court has found Goh Jin Hian, the son of former Prime Minister Goh Chok Tong, liable for $146 million in losses during his tenure as director of insolvent marine fuel supplying company Inter-Pacific Petroleum Pte.
The court determined that Goh should have identified the company was being defrauded and monitored its activities, as he failed to do so, leading to losses.
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El Tribunal Superior de Singapur responsabiliza a Goh Jin Hian por pérdidas de 146 millones de dólares en la empresa insolvente Inter-Pacific Petroleum debido a la falta de prevención del fraude.