SINGAPORE: Hin Leong founder Lim Oon Kuin was sentenced on Nov 18 to 17 years and six months jail for three charges of cheating and forgery in what prosecutors described as “one of the most serious cases of trade financing fraud that have ever been prosecuted in Singapore”.
The prosecution on Oct 15 sought a maximum sentence of 20 years for the 82-year-old better known as O.K. Lim, whose offences “affected the delivery of financial services in Singapore, and tarnished Singapore’s hard-earned reputation as Asia’s leading oil trading hub”.
