Singapore, Nov 18, 2024 (AFP) - Disgraced Singapore oil tycoon sentenced to nearly 18 years for fraud

NAMPA / AFP

2024-11-18

The founder of a failed Singapore oil trading company was sentenced Monday to nearly 18 years in jail for cheating banking giant HSBC out of millions of dollars in one of the country's most serious cases of fraud. Lim Oon Kuin, 82, better known as O.K. Lim, was convicted in May in a case that dented the city-state's reputation as a top Asian oil trading hub. His firm, Hin Leong Trading, was among Asia's biggest oil trading companies before its su......

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