Criminal Investigation
The firm lost its operating license earlier this year and was placed under judicial administration amid financial stress. Goh, who is also chairman of Singapore blue-chip New Silkroutes, is the subject of a separate investigation by the Singapore Police Force's Commercial Affairs Department, or CAD.
In the meantime, Goh has stepped down as chairman of Cordlife, a consumer healthcare company that provides blood banking services, while remaining on the board as an independent director, the company said on Tuesday. Goh's father was Singapore's prime minister from 1990 until 2004 and retired from politics earlier this year.