Goh Chok Siang, the former chief financial officer of Malaysia's Karex Bhd, was charged in Sessions Court today with insider trading linked to 150,000 shares of Karex Ltd [1, 2, 3]. The alleged offense occurred on July 22, 2020, when Goh traded based on confidential information about Karex's planned expansion into manufacturing and selling rubber gloves [1, 2, 3].
Goh, aged either 54 or 55 according to different reports, pleaded not guilty to the charges framed under Section 188(2)(a) of the Capital Markets and Services Act 2007 [1, 2, 3]. If found guilty, he faces up to 10 years in prison and a fine of at least RM1 million, with some sources stating a fine of up to RM1 million [1, 2, 3].
Judge Izralizam Sanusi presided over the case and set bail at RM90,000 with either one or two sureties required according to different reports [1, 2, 3]. Goh was ordered to surrender his passport and, according to some sources, to report monthly to the Securities Commission’s investigating officer [1, 2].
Goh had served as Karex's CFO since April 2013 and retired in June 2025, according to the company’s exchange filings [1]. The court fixed July 10, 2026, as the next mention date for the case [1, 3].
