EuroSports Global chairman remains ‘suitable’ despite being charged

He faces 19 charges under Singapore’s Securities and Futures Act.

Luxury sports car dealer EuroSports Global Limited’s Nominating Committee stands by its decision that Goh Kim San remains suitable to continue as Executive Chairman and Chief Executive Officer of the company, after being charged with 19 violations of Singapore’s Securities and Futures Act.

The company said that it based its decision on Goh’s explanation.

“[Goh’s] explanation did not give rise to any defect of character or calls into question his integrity. As Mr Goh's case is pending before the Court, the Board will not release the full details of Mr Goh's explanation. Mr Goh is innocent until proven guilty by the Court,” EuroSports Global said in its bourse filing.

Goh was accused of engaging in conduct that is likely to create a false or misleading appearance of active trading in EuroSports Global shares, instigating two people in engaging in a practice which operated as a deception in connection with the purchase and sale of the company’s shares, and failing to give notice to the company whilst being the Company’s Chief Executive Officer, of the change in the number of the Company’s shares which he has an interest in and the nature and extent of that interest.

Goh was arrested by the Commercial Affairs Department (CAD) on 2 December 2021 but is currently out on bail.

Goh was handed the charges on 5 August.

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