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.

February 07, 2024
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