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Hin Leong action paves way for continued strength in Singapore bunker market | Hellenic Shipping News Worldwide

Hin Leong action paves way for continued strength in Singapore bunker market Singapore’s marine fuel market has remained resilient since the collapse of oil trader Hin Leong in 2020, with the latest action involving the freezing of assets belonging to its founder Oon Kuin Lim and his two children reflecting the stern action taken against industry malpractices, reposing faith in the local bunker market and reinforcing its commitment to transparency, industry sources told S&P Global Platts. “This [the Hin Leong case] is a very relevant issue; sadly our industry has been plagued by bankruptcies since the OW case and this has generated a – wrong – perception of a sector populated by unprofessional and unreliable companies,” a bunker supplier said.

S pore police investigating 275 suspects over scams which saw victims lose $7 9m

The Straits Times The suspects are linked to 519 separate cases.PHOTO: ST FILE https://str.sg/JvyY They can read the article in full after signing up for a free account. Share link: Or share via: Sign up or log in to read this article in full Sign up All done! This article is now fully available for you Read now Get unlimited access to all stories at $0.99/month for the first 3 months. Get unlimited access to all stories at $0.99/month for the first 3 months. including the ST News Tablet worth $398. Let s go! Spin the wheel for ST Read and Win now.

Indonesian tycoon Kris Wiluan pleads guilty to market rigging in Singapore court

Indonesian tycoon Kris Wiluan pleads guilty to market rigging in Singapore court
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Former UOB, OCBC bank employee jailed for cheating 7 people of nearly S$2 million

Former UOB, OCBC bank employee jailed for cheating 7 people of nearly S$2 million Toggle share menu Advertisement File photo of Singapore dollars. (File photo: AFP/Roslan Rahman) 10 May 2021 04:40PM) Share this content Bookmark SINGAPORE: A former employee at two banks was given seven years jail on Monday (May 10) for cheating seven people of almost S$2 million for fictitious wealth products. Han Delong, 34, was given the jail term after pleading guilty to 27 charges, including criminal breach of trust as an agent and cheating. Another 67 charges were considered in sentencing. Advertisement Advertisement The court heard that Han was a senior personal banker at United Overseas Bank (UOB) between August 2014 and December 2015, selling and marketing the bank s wealth products.

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