Lim Oon Kuin, founder of Hin Leong, a now-defunct oil trader in Singapore, has been sentenced to 17-and-a-half years in prison for cheating HSBC and abetting forgery, involving $111.7m. The collapse of Hin Leong in 2020, one of Asia’s biggest fuel suppliers, led to a fleet sell-off, with Lim and his children agreeing to pay $3.5bn to liquidators and HSBC, while facing bankruptcy applications.
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Billion-dollar money laundering case: 4 law firms linked to seized properties named, 2 more identified and reprimanded
Read a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try. Click here to return to FAST Tap here to return to FAST FASTSINGAPORE: Four law firms involved in Singapore's S$3 billion money laundering case have been named for breaching anti-money laundering obligations. Investigations by the Ministry of Law revealed that firms like Anthony Law Corporation failed to conduct necessary scrutiny on property transactions linked to the laundering...
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