The Business Times
SUBSCRIBERS

SocGen, Maybank cleared to fund potential suit against IPP ex-director

Tay Peck Gek

Tay Peck Gek

Published Thu, Oct 1, 2020 · 09:50 PM

    Singapore

    SINGAPORE'S High Court has approved two major bank creditors' bid to fund Inter-Pacific Petroleum's (IPP) lawsuit against former director Goh Jin Hian.

    Societe Generale and Maybank are seeking to recover at least US$156 million in losses they claim were a result of Dr Goh's alleged negligence, according to court documents.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    SocGenMaybankGoh Jin HianOil and gas

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback
    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More