Singapore files 105 new charges against oil trader Hin Leong founder O.K. Lim


SINGAPORE: Singapore's public prosecutor on Thursday filed an additional 105 charges against Lim Oon Kuin, the founder of collapsed oil trading firm Hin Leong Trading Pte Ltd, relating to $2.23 billion in fraudulent disbursements.

Hin Leong, one of Asia's largest oil traders, was wound up in March after failing to restructure some $4 billion in debt following a crash in the oil price during the coronavirus pandemic that exposed earlier financial troubles.

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Hin Leong , Singapore , Lim Oon Kuin , oil trading

   

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