Hin Leong’s judicial managers sue Lim family

SINGAPORE: Embattled oil tycoon Lim Oon Kuin, better known as OK Lim, and his two children have been sued by Hin Leong Trading judicial manager PricewaterhouseCoopers Advisory Services in its bid to recover US$3.5bil (S$4.75bil) plus another US$90mil in dividends the Lims allegedly paid themselves even though the company was insolvent.

In court documents seen by The Straits Times, judicial managers Goh Thien Phong and Chan Kheng Tek accused OK Lim, his son Evan Lim Chee Meng and daughter Lim Huey Ching of breach of fiduciary duties as directors and fraudulent trading.