Singapore’s High Court approved a request to freeze as much as US$3.5 billion of assets belonging to the founding family of collapsed oil trader Hin Leong Trading (Pte) Ltd, the company’s liquidator told creditors.
23 More Charges for Hin Leong Founder OK Lim
by Ship & Bunker News Team
Monday May 3, 2021
Lim Oon Kuin (OK Lim), the founder of defunct oil firm Hin Leong Trading, faces The new charges relate to allegedly forged documents used in oil products trades with
China Aviation Oil (Singapore) Corp between
June 2019 and The next hearing has been set for
June 24, Reuters said. Hin Leong collapsed last year in the wake of the crude-price crash and allegations of forged documents being used to secure funding from banks. The firm and its subsidiary
Ocean Bunkering, formerly one of Singapore s top marine fuel suppliers, is in the process of being wound up.
Hin Leong Trading founder Lim Oon Kuin finally showed up in State Courts yesterday - in a wheelchair - after three no-shows that he put down to ill-health.. Read more at straitstimes.com.
The 79-year-old former oil tycoon has been diagnosed with acute and chronic sinusitis, which will require surgery. - Reuters
SINGAPORE (The Straits Times/ANN): Hin Leong Trading founder Lim Oon Kuin did not show up in State Courts on Thursday morning (April 29) to face 23 new charges of forgery-related offences as he had obtained a medical certificate stating he was unfit to attend court.
As a result, Lim could not be tendered the new charges for a third time on account of his health issues.
The 79-year-old former oil tycoon - better known as O.K. Lim - was deemed unfit to attend court by his doctor as he has been diagnosed with acute and chronic sinusitis, which will require surgery.