Singapore prosecutors allege that Goh Jin Hian, the former CEO of New Silkroutes Group and son of former Prime Minister Goh Chok Tong, was the mastermind behind a scheme to artificially inflate the company’s share price through false trading and misleading market activity between February and December 2018. He faces 39 charges under the Securities and Futures Act for market rigging, alongside accomplices like William Teo Thiam Chuan, Huang Yiwen, and Kelvyn Oo Cheong Kwan. However, Goh’s defense argues that he was unaware of the manipulative trades, lacked expertise in market making, and relied on professional advice, asserting that others, like Huang Yiwen, initiated the scheme. As of August 2025, Goh’s trial is ongoing, and no conviction or sentence has been confirmed, so his status as the mastermind remains an allegation, not a proven fact. [35] [36] [37] [58]