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.
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Lim faces two charges of cheating lender HSBC, and one of instigating a Hin Leong contracts executive to forge a false record.
Explaining the family business, OK Lim said there were multiple related firms, and that if one company needed funds, another would send the money over, like "our left pocket and right pocket".
Lim Oon Kuin, who faces criminal and civil proceedings, will testify in his criminal case where he's accused of deceiving HSBC into disbursing US$111.7 million to Hin Leong.
The Straits Times Hin Leong founder O.K. Lim arriving at the State Courts on April 30, 2021.ST PHOTO: KELVIN CHNG PublishedMay 24, 2021, 9:44 pm SGT https://str.sg/3kUD 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.
Collapsed Singapore Oil Trader Founder Appeals $20 Million Order May 24 2021, 5:31 PM May 24 2021, 2:23 PM May 24 2021, 5:31 PM (Bloomberg) -- Lim Oon Kuin, the founder of collapsed Singapore oil trader Hin Leong Trading (Pte.) Ltd, is appealing a court order to return funds the family took out of a unit just before it filed for protection last year. (Bloomberg) -- Lim Oon Kuin, the founder of collapsed Singapore oil trader Hin Leong Trading (Pte.) Ltd, is appealing a court order to return funds the family took out of a unit just before it filed for protection last year. The appeal was made t...