Singapore billionaire Lim Oon Kuin accused of brazen fraud by HSBC: 'must be held accountable'
HSBC said it was deceived by oil tycoon Lim Oon Kuin and is seeking to recover more than US$85 million.
Source: scmp.com
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Singapore freezes US$3.5bn of global Lim family assets
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 cre...
Source: taipeitimes.com