Goh Jin Hian Wins Appeal Against Former Company IPP over US$146 Million Awarded in Damages

Ex-IPP director Goh Jin Hian wins appeal, court says firm failed to prove his breach caused losses

The Appellate court concluded that this was a case of 'deep-seated fraud'. Read more at straitstimes.com.

Goh Jin Hian wins appeal against former company IPP over US$146 million awarded in damages

He was previously found liable for the losses suffered by Inter-Pacific Petroleum while serving as director of the now-insolvent marine fuel supply firm.

High Court partially allows Goh Jin Hian’s appeal, finds he did not breach duty by not probing IPP’s red flags

The High Court has partially allowed an appeal by Goh Jin Hian, a former director of insolvent marine fuel supplier Inter-Pacific Petroleum (IPP).

Appeals court sets aside US$146M damages against Goh Jin Hian in Inter-Pacific Petroleum case

SINGAPORE: The Appellate Division of the High Court has overturned a landmark ruling that had held former Inter-Pacific Petroleum (IPP) director Goh Jin Hian liable for US$146 million (S$187 million) in damages. This decision, delivered on 5 June 2025, sets aside an earlier verdict that found Goh responsible for the financial losses sustained by the now-insolvent marine fuel supplier. The appeal was heard by Justice of the Court of Appeal Tay Yo…