Goh Jin Hian, son of PM Goh Chok Tong, may only pay heavy fine for insider trading. Read this no signboard ceo judgement

[gingerlyn]

Former No Signboard Holdings CEO fined S$420,000 for false trading​

Under pressure from shareholders due to No Signboard Holdings' declining share price, Lim Yong Sim made false trades in 2018 and 2019.

 

[gingerlyn]

SINGAPORE: The former executive chairman and CEO of restaurant operator No Signboard Holdings was fined S$420,000 (US$317,000) on Friday (Nov 1) for price rigging offences.

Lim Yong Sim pleaded guilty to three charges of false trading, said the Singapore Police Force (SPF) in a news release on Friday.

 

[A Singaporean]

The laws do not apply to foreigners and rich Sinkies.

 

[k1976]

For VVIP is always 大事化小，以和为贵

 

[NanoSpeed]

SINGAPORE: The former executive chairman and CEO of restaurant operator No Signboard Holdings was fined S$420,000 (US$317,000) on Friday (Nov 1) for price rigging offences.

Lim Yong Sim pleaded guilty to three charges of false trading, said the Singapore Police Force (SPF) in a news release on Friday.

No signboard handed 3 charges. Young Goat 39 charges.

Young Goat's financial controller who was handed similar charges is already serving jail sentence. The Court needs to flip the SFA and Penal Code to allow Young Goat to avoid a jail sentence. The financial controller will look like an idiot if Young Goat escapes a jail sentence. Pleading guilty does not pay.

 

[NanoSpeed]

No signboard handed 3 charges. Young Goat 39 charges.

Young Goat's financial controller who was handed similar charges is already serving jail sentence. The Court needs to flip the SFA and Penal Code to allow Young Goat to avoid a jail sentence. The financial controller will look like an idiot if Young Goat escapes a jail sentence. Pleading guilty does not pay.

The gravity of Goh's case is 13x compared to no signboard's. If the establishment had the intention to let Goh off with just a fine, the Court should have postponed the financial controller's sentencing until Goh's trial [so that the former could also receive a fine sentence].

 

[eatshitndie]

has he reach the 69th ptc?

 

[NanoSpeed]

has he reach the 69th ptc?

Not yet

 

[millim6868]

Lol kangaroo soon

 

[Narong Wongwan]

Want compare then compare with Datuk John Soh who kena 36 years
I doubt little Goh will even kena 36 days

 

[yubenOh]

Wah $420K is simply peanuts for his laobu to cough out from her laocheebye.