, is expected to face another 23 charges of forgery-related offences soon.
The 23 charges are expected to be tendered on Apr 8, Deputy Public Prosecutor Navin Naidu told a court on Monday .The Lim family's legal advisers, Davinder Singh Chambers, did not immediately respond to an emailed request for comment. Last year, Singapore police charged the 78-year-old former oil tycoon, better known as OK Lim, with two counts of abetment of forgery for the purpose of cheating.READ: Hin Leong’s financial woes have ‘no serious impact’ on Singapore’s oil trading, bunkering sectors: Agencies
Owned by OK Lim and his children, Hin Leong was set up in 1973 and was once one of Asia's top oil traders. It racked up US$4 billion in debt after a crash in oil prices last year exposed years of losses and alleged fraud by the Lim family. Accounting firm PwC, which was appointed Hin Leong's judicial manager by the court, said in a report last year the company had overstated the value of its assets by at least US$3 billion.
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Singapore Hin Leong founder O.K. Lim faces another 23 forgery-related charges - prosecutorLim Oon Kuin, the founder of collapsed oil trading firm Hin Leong Trading Pte Ltd, is expected to face another 23 charges of forgery-related offences soon, Singapore's prosecution said. The 23 charges are expected to be tendered on April 8, Deputy Public Prosecutor Navin Naidu told a Singapore court on Monday. The Singapore Attorney-General's Chambers confirmed the prosecutor's comments.
Source: YahooSG - 🏆 3. / 71 Read more »
Singapore adds 23 charges against founder of oil trader Hin LeongSINGAPORE (Reuters) -A Singapore prosecutor filed 23 additional forgery-related charges on Friday against Lim Oon Kuin, the founder of collapsed oil trading firm Hin Leong Trading Pte Ltd. Last year, police had charged the 79-year-old former oil tycoon, better known as O K Lim, with two counts of abetment of forgery for the purpose of cheating. Friday's charges accuse Lim of instigating a Hin Leong employee to forge documents supposedly issued by UT Singapore Services Pte Ltd.
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More charges filed against Hin Leong founder OK LimSINGAPORE: Another 23 charges were filed in court on Friday (Apr 30) against Lim Oon Kuin, the founder of collapsed oil trading firm Hin Leong ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Singapore court delays decision on Hin Leong founder's assets freeze, sources sayA ruling on a request to freeze the assets of Lim Oon Kuin and his two children following the collapse of Lim's oil trading firm Hin Leong Trading Pte Ltd will be made at a later date, following a whole day's hearing at the Singapore High Court, four sources said on Monday. Court-appointed liquidators of Hin Leong had asked the court to freeze the family's assets worldwide, from multi-million-dollar homes to country club memberships, shares and funds to recover money owed to nearly two dozen banks and other creditors globally. Hin Leong's court-appointed liquidators, their lawyers, the Lim family and their lawyers, and the Singapore High Court did immediately respond to requests for comment outside of regular work hours.
Source: YahooSG - 🏆 3. / 71 Read more »
Court delays decision on Hin Leong founder's assets freeze: SourcesSINGAPORE: A ruling on a request to freeze the assets of Lim Oon Kuin and his two children following the collapse of Lim's oil trading firm Hin ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »