Jail, fine for man in S’pore who lied in chat group to get members to buy shares

While under investigation for false trading between July 30 and Aug 26 in 2020, Goh lied nine times in a Telegram chat group to induce its members to buy shares in the securities that he held. — AP

SINGAPORE: A Singaporean who lied in a Telegram chat group to deceive others into buying shares in the securities that he held has been jailed for 19 months and fined S$355,604 (RM1.16mil).

Kenneth Goh Jia Poh, 35, was convicted on Dec 19 on four charges under the Securities and Futures Act, including one of creating a false appearance of the market for several securities on 325 occasions.