Ex-Finance Director of New Silkroutes Group William Teo Thiam Chuan Sentenced to 12 Weeks Jail after Pleading Guilty to Manipulating Share Price Increase in 2018 to Facilitate Acquisitions & Raise Capital via New Share Issuance, Raised S$5 Million from Investor Andrew Chua Soon Kian & Signed MoU for Haitong International Securities to Subscribe to S$5 Million 2-Year Convertible Bond with 5% Interest, Alleged Mastermind New Silkroutes Group ex-CEO Goh Jin Hian is Singapore 2nd Prime Minister Goh Ghok Tong Son & was Found Liable for $146 Million Losses for Failure to Act on Red Flags & Unaware of Cargo Trading Business, Goh Jin Hian, ex-Chief Corporate Officer Kelvyn Oo Cheong Kwan & GTC Group Director Huang Yiwen Charged for False Trading with Pre-Trial Scheduled on 26th September 2024

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Ex-Finance Director of New Silkroutes Group William Teo Thiam Chuan Sentenced to 12 Weeks Jail after Pleading Guilty to Manipulating Share Price Increase in 2018 to Facilitate Acquisitions & Raise Capital via New Share Issuance, Raised S$5 Million from Investor Andrew Chua Soon Kian & Signed MoU for Haitong International Securities to Subscribe to S$5 Million 2-Year Convertible Bond with 5% Interest, Alleged Mastermind New Silkroutes Group ex-CEO Goh Jin Hian is Singapore 2nd Prime Minister Goh Ghok Tong Son & was Found Liable for $146 Million Losses for Failure to Act on Red Flags & Unaware of Cargo Trading Business, Goh Jin Hian, ex-Chief Corporate Officer Kelvyn Oo Cheong Kwan & GTC Group Director Huang Yiwen Charged for False Trading with Pre-Trial Scheduled on 26th September 2024

19th September 2024 | Hong Kong 

The ex-Finance Director of New Silkroutes Group William Teo Thiam Chuan had been sentenced to 12 weeks jail after pleading guilty to manipulating share price increase in 2018 to facilitate acquisitions & raise capital via new share issuance, raising S$5 million from investor Andrew Chua Soon Kian & signed MoU for Haitong International Securities to subscribe to S$5 million of 2-year convertible bond with 5% interest.  The alleged mastermind is New Silkroutes Group ex-CEO Goh Jin Hian, who is Singapore 2nd Prime Minister Goh Ghok Tong Son, and was found was found liable for $146 million of losses in 2024 February due to failure to act on red flags and unaware of cargo trading business.  Goh Jin Hian, ex-Chief Corporate Officer Kelvyn Oo Cheong Kwan & GTC Group Director Huang Yiwen had been charged for false trading with pre-trial scheduled on 26th September 2024.  In 2024 July, Singapore 2nd Prime Minister Goh Ghok Tong son & New Silkroutes Group ex-CEO Goh Jin Hian was found liable for $146 million of losses in 2024 February due to failure to act on red flags and unaware of cargo trading business (eg. Failed to reply on audit request for $132 million sent to Mercuria Energy Trading in 2018).  Goh Jin Hian was Director of the now-insolvent Inter-Pacific Petroleum from 2011 to 2019.  In 2023 September, Goh Jin Hian and 3 other individuals (Kelvyn Oo Cheong Kwan, William Teo Thiam Chuan & Huang Yiwen) had been charged for false trading of Singapore listed company New Silkroutes (Singapore Exchange), manipulating the share price of New Silkroutes to push up share price (31 trading days in 2018) including using company’s corporate trading account & DBS Private Bank account.  The shares of New Silkroutes had been suspended since 15th November 2021.  Goh Jin Hian is New Silkroutes Group CEO from 2015 to 2020.  Goh Chok Tong is Singapore 2nd Prime Minister from 1990 to 2004.  Singapore 1st Prime Minister is Lee Kuan Yew.  

“ Ex-Finance Director of New Silkroutes Group William Teo Thiam Chuan Sentenced to 12 Weeks Jail after Pleading Guilty to Manipulating Share Prices Increase in 2018 to Facilitate Acquisitions & Raise Capital via New Share Issuance, Raised S$5 Million from Investor Andrew Chua Soon Kian & Signed MoU for Haitong International Securities to Subscribe to S$5 Million 2-Year Convertible Bond with 5% Interest, Alleged Mastermind New Silkroutes Group ex-CEO Goh Jin Hian is Singapore 2nd Prime Minister Goh Ghok Tong Son & was Found Liable for $146 Million Losses for Failure to Act on Red Flags & Unaware of Cargo Trading Business, Goh Jin Hian, ex-Chief Corporate Officer Kelvyn Oo Cheong Kwan & GTC Group Director Huang Yiwen Charged for False Trading with Pre-Trial Scheduled on 26th September 2024 “

- Article continues below -

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Singapore 2nd Prime Minister Goh Ghok Tong Son & New Silkroutes Group ex-CEO Goh Jin Hian Found Liable for $146 Million Losses for Failure to Act on Red Flags & Unaware of Cargo Trading Business, Goh Jin Hian was Director of Now-Insolvent Inter-Pacific Petroleum from 2011 to 2019, Charged for False Trading of Singapore Listed Company New Silkroutes in 2023, Manipulated Share Price to Push Up Share Price Including Using Corporate Trading Account & DBS Private Bank Account 

12th July 2024 – Singapore 2nd Prime Minister Goh Ghok Tong son & New Silkroutes Group ex-CEO Goh Jin Hian was found liable for $146 million of losses in 2024 February due to failure to act on red flags and unaware of cargo trading business (eg. Failed to reply on audit request for $132 million sent to Mercuria Energy Trading in 2018).  Goh Jin Hian was Director of the now-insolvent Inter-Pacific Petroleum from 2011 to 2019.  In 2023 September, Goh Jin Hian and 3 other individuals (Kelvyn Oo Cheong Kwan, William Teo Thiam Chuan & Huang Yiwen) had been charged for false trading of Singapore listed company New Silkroutes (Singapore Exchange), manipulating the share price of New Silkroutes to push up share price (31 trading days in 2018) including using company’s corporate trading account & DBS Private Bank account.  The shares of New Silkroutes had been suspended since 15th November 2021.  Goh Jin Hian is New Silkroutes Group CEO from 2015 to 2020.  Goh Chok Tong is Singapore 2nd Prime Minister from 1990 to 2004.  Singapore 1st Prime Minister is Lee Kuan Yew.

Singapore 2nd Prime Minister Goh Ghok Tong Son & New Silkroutes Group ex-CEO Goh Jin Hian Found Liable for $146 Million Losses as Director of Now-Insolvent Inter-Pacific Petroleum from 2011 to 2019, Charged for False Trading of Singapore Listed Company New Silkroutes in 2023, Manipulated Share Price to Push Up Share Price Including Using Corporate Trading Account & DBS Private Bank Account 

10th February 2024  – Singapore 2nd Prime Minister Goh Ghok Tong son & New Silkroutes Group ex-CEO Goh Jin Hian has been found liable for $146 million of losses as Director of the now-insolvent Inter-Pacific Petroleum from 2011 to 2019.  In 2023 September, Goh Jin Hian and 3 other individuals (Kelvyn Oo Cheong Kwan, William Teo Thiam Chuan & Huang Yiwen) had been charged for false trading of Singapore listed company New Silkroutes (Singapore Exchange), manipulating the share price of New Silkroutes to push up share price (31 trading days in 2018) including using company’s corporate trading account & DBS Private Bank account.  The shares of New Silkroutes had been suspended since 15th November 2021.  Goh Jin Hian is New Silkroutes Group CEO from 2015 to 2020.  Goh Chok Tong is Singapore 2nd Prime Minister from 1990 to 2004.  Singapore 1st Prime Minister is Lee Kuan Yew.

Singapore 2nd Prime Minister Goh Ghok Tong Son & New Silkroutes Group ex-CEO Goh Jin Hian & 3 Other Individuals Charged for False Trading of Singapore Listed Company New Silkroutes, Manipulated Share Price to Push Up Share Price Including Using Corporate Trading Account & DBS Private Bank Account

21st September 2023 – Singapore 2nd Prime Minister Goh Ghok Tong son & New Silkroutes Group ex-CEO Goh Jin Hian and 3 other individuals (Kelvyn Oo Cheong Kwan, William Teo Thiam Chuan & Huang Yiwen) had been charged for false trading of Singapore listed company New Silkroutes (Singapore Exchange), manipulating the share price of New Silkroutes to push up share price (31 trading days in 2018) including using company’s corporate trading account & DBS Private Bank account.  The shares of New Silkroutes had been suspended since 15th November 2021.  Goh Jin Hian is New Silkroutes Group CEO from 2015 to 2020.  Goh Chok Tong is Singapore 2nd Prime Minister from 1990 to 2004.  Singapore 1st Prime Minister is Lee Kuan Yew.

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