Founder of collapsed oil trader ZenRock Commodities, Xie Chun, has had all of his four charges dropped following his death. Xie’s charges were abated following a pre-trial conference on 9 January.
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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