SINGAPORE (March 8): The trial of the largest case of stock market manipulation in Singapore’s history was to have started on March 11. But in a twist of events at the 11th hour, Goh Hin Calm, one of the three defendants, has become a witness for the prosecution, pushing back the scheduled dates of the trial, The Edge Singapore understands.
Goh, who was formerly interim CEO of IPCO International (now known as Renaissance United), allegedly acted as the “treasurer” for John Soh Chee Wen, the alleged mastermind of the operations, and his alleged co-conspirator, Quah Su-Ling.
Goh faces six charges for his alleged involvement in the case. He has held directorships in 33 companies, including Annica Holdings, one of the companies said to be linked to Soh.
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