Singapore Ex-PM’s Son Found Liable for Millions Lost by Company
Photographer: Lin Zhaowei/Singapore Press/AP Photo
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Singapore’s High Court has found Goh Jin Hian liable for $146 million in losses under his watch as director of a now-insolvent marine fuel supplying company, adding to the legal problems facing the son of former Prime Minister Goh Chok Tong.
Doing his duties “would have led him to realize that the company was being defrauded,” Justice Aedit Abdullah said in published remarks dated Jan. 24 on a petition involving Inter-Pacific Petroleum Pte. The defense argued there was no such breach or causation of loss, and regardless, the company qualifies for relief from liability under the companies act.