Ex-GS Holdings CEO charged with alleged false trading, obstruction of justice前GS控股公司首席执行官被控涉嫌虚假交易和妨碍司法公正
The former CEO of SGX Catalist-listed GS Holdings was charged on Wednesday (Nov 4) with alleged stock manipulation and obstructing justice.The firm is behind several food courts and food centres in Singapore.Pang Pok, 68, along with Koh Kim Seng, 62, and Chong Fatt, 60, are accused of creating a misleading appearance with respect to the price of GS Holdings’ securities.Police...
The former CEO of SGX Catalist-listed GS Holdings was charged on Wednesday (Nov 4) with alleged stock manipulation and obstructing justice.
The firm is behind several food courts and food centres in Singapore.
Pang Pok, 68, along with Koh Kim Seng, 62, and Chong Fatt, 60, are accused of creating a misleading appearance with respect to the price of GS Holdings’ securities.
Police said the alleged offences took place between January 2022 and October 2023, saying that Pang and Chong are also accused of deleting chat messages from their mobile phones relating to the said conspiracy.
A joint investigation was carried out by its Commercial Affairs Department and the Monetary Authority of Singapore, following a referral from the Singapore Exchange (SGX) Regulation.
Checks on GS Holdings' filing with SGX show that Pang resigned as executive director of the company on June 1, 2024, but had remained as its chief executive office.
In its filing, the company said the resignation is part of the board's renewal and refresh, while Pang focuses on operational matters.
He stepped down as the company's CEO in December 2024.
The trio each face one charge under the Securities and Futures Act.
Pang and Chong also each face an additional charge of perverting the course of justice.
If found guilty of false trading and marketing rigging transactions, the trio could each face jail of up to seven years, a fine of up to $250,000, or both.
The offence of perverting the course of justice carries a penalty of up to seven years imprisonment, a fine, or both.
新加坡交易所凯利板上市公司GS Holdings的前首席执行官于周三（11月4日）被控涉嫌操纵股价和妨碍司法公正。
该公司在新加坡拥有多家美食广场和美食中心。
68 岁的彭博与 62 岁的许金生和 60 岁的庄发一起被指控在 GS Holdings 的证券价格方面制造误导性表象。
警方表示，涉嫌犯罪行为发生在 2022 年 1 月至 2023 年 10 月期间，并称庞和庄还被指控删除了与上述阴谋有关的手机聊天信息。
新加坡交易所（SGX）监管部门将此事转介后，新加坡金融管理局和新加坡金融管理局联合展开了调查。
查阅 GS Holdings 向新加坡交易所提交的文件可知，庞于 2024 年 6 月 1 日辞去公司执行董事职务，但仍担任首席执行官。
该公司在提交的文件中表示，此次辞职是董事会更新换代的一部分，而庞将专注于运营事务。
他于 2024 年 12 月卸任公司首席执行官一职。
三人均面临一项违反《证券及期货法》的指控。
庞和钟还分别面临妨碍司法公正的额外指控。
如果被判犯有虚假交易和操纵市场罪，这三人每人可能面临最高七年的监禁、最高 25 万美元的罚款，或两者并罚。
妨碍司法公正罪最高可判处七年监禁、罚款或两者并罚。