SINGAPORE (Reuters) – 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.
The new charges followed 25 forgery-related charges filed against Lim last year and in April this year. They comprised 68 charges of cheating, 36 of conspiracy to commit forgery and one of conspiracy to forge a valuable security.
