Blame game continues as 62-day trial involving Hin Leong founder OK Lim wraps up
Lim faces 130 criminal charges involving US$2.7 billion in alleged fraudulent loans disbursed. Read more at straitstimes.com.
Source: straitstimes.com
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Hin Leong founder, facing multiple charges, sells Third Ave GCB at $26.5m
SINGAPORE - A two-storey good class bungalow (GCB) in Bukit Timah that belonged to beleaguered Hin Leong Trading founder Lim Oon Kuin, better known as O.K. Lim, has been sold for just under $26.5 million to a Singapore family. Located in the prime First/Third Avenue GCB area, the $26.5 million price works out to around $1,818 per square foot (psf)....
Source: asiaone.com
Prosecution alleges that bogus deals made as Hin Leong needed faster cash flow for margin calls
Lim Oon Kuin testified that he has "never been involved in accounts matters". Read more at straitstimes.com.
Source: straitstimes.com
Hin Leong's O.K. Lim: 'Not very correct' to say his children were most senior at firm after him
After being asked thrice if he knew how margin calls worked, Lim replied that he did not understand them. Read more at straitstimes.com.
Source: straitstimes.com
Hin Leong's OK Lim Testifies in Cheating and Forgery Case
Lim faces two charges of cheating lender HSBC, and one of instigating a Hin Leong contracts executive to forge a false record.
Source: shipandbunker.com