On 5 August 2025, Goh Kim San, the Executive Chairman and Chief Executive Officer of Eurosports Global Limited—a company listed on the Singapore Exchange (SGX) Catalist board—was formally charged with multiple offences related to false and unauthorised trading activities.
Between 2015 and 2020, Goh allegedly engaged in a series of manipulative trades involving Eurosports shares. The charges include five counts of false trading under the Securities and Futures Act (SFA), six counts of deceptive practices under the SFA read alongside the Penal Code, and eight counts of failing to disclose his interests in Eurosports shares as required by law.
Details of the Alleged Offences
Investigations reveal that from May 2015 to November 2020, Goh used both his personal trading accounts and those of others—namely three nominee accounts procured through two individuals—to conduct transactions designed to give a misleading impression of active trading in Eurosports shares. These nominee accounts were reportedly used without the authorisation of the respective trading firms.
Moreover, Goh is accused of deliberately failing to notify Eurosports in writing about changes to his shareholdings stemming from trades in these nominee accounts, violating disclosure requirements under the SFA.
Potential Penalties if Convicted
If found guilty, Goh faces significant penalties. For each false trading and deceptive practice charge, he could be sentenced to imprisonment for up to seven years, fined up to S$250,000, or both. For the charges relating to failure to disclose share interest, the penalties include imprisonment of up to two years, fines up to S$250,000, or both.
For offences committed after 31 October 2018, courts may impose penalties up to twice the usual maximums, increasing the gravity of potential sentences.
Upholding Market Integrity
The Singapore Police Force continues to take a firm stance against market manipulation and misconduct to safeguard the integrity and transparency of Singapore’s financial markets. This case underscores the commitment to holding individuals accountable for actions that harm investor confidence and market fairness.
The investigation is ongoing, and further updates will be provided as the case proceeds through the judicial process.