Goh Jin Hian, the son of former prime minister Goh Chok Tong, was arrested together with 3 other people today for false trading offences.
He faces 39 charges under the Securities and Futures Act.
Goh junior, 54 years old, is the ex-CEO of investment holding company new Silkroutes Group Pte Ltd.
He is accused of conspiring with the 3 other men linked to the company of creating a misleading appearance of the price of the company’s securities.
This allegedly took place on 31 trading days between Feb and Aug 2018.
Goh junior is also accused of pushing up the price of Silkroutes Group’s securities by placing orders and executing trades using his bank investment account.
If convicted, Goh junior could face a jail term of up to 7 years and a fine of as much as S$250,000, or both, on each charge.