Founder of collapsed oil trader ZenRock Commodities, Xie Chun, has had all of his four charges dropped following his death.
His firm, Hin Leong Trading, was among Asia's biggest oil trading companies before its sudden and dramatic collapse in 2020. Sentencing him to 17 and a half years in jail, State Courts judge Toh ...
Fraud, forgery and financial mismanagement. This is a timeline of the fall of Hin Leong Trading, once a giant in Singapore’s oil trading industry, and its founder Lim Oon Kuin, better known as OK Lim.
Some former high-flying companies and executives are still facing court battles. Read more at straitstimes.com.
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An embattled oil tycoon is selling a mansion in Singapore for $32 million. It's one of the city's status-symbol houses that business leaders covet.A former oil tycoon convicted of cheating and instigating forgery is selling his mansion in Singapore for $43 million Singapore dollars, or $32 million. Lim Oon Kuin, the founder of the collapsed ...
Hin Leong had suffered about US$808 million in losses from futures and swaps from 2010 to 2020, with the losses allegedly concealed by overstating profits by US$2.1 billion in the same period.
The tankers, Wu Yi San and Chang Bai San, were carrying cargoes financed by ICICI, the source said, adding that the bank had about $100 million exposure to HLT. Advisory Alert: It has come to our ...
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