Singapore s OK Lim Faces Liquidators, Banks in $3 5 Billion Case bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Singapore freezes US$3.5bn of global Lim family assets
Bloomberg
Singapore’s High Court approved a request to freeze as much as US$3.5 billion of assets worldwide belonging to the founding family of collapsed oil trader Hin Leong Trading Pte Ltd (興隆貿易) in a move that might be one of the biggest such injunctions in the city-state’s history.
Lim Oon Kuin (林恩強) and his family are to be asked by lawyers representing liquidator Goh Thien Phong (吳天芳) to disclose their assets to the court in the next few days, according to an e-mail seen by Bloomberg News that was sent to creditors on Friday to inform them of the judgement.