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OK Lim
Company in the news
Singapore oil tycoon OK Lim sentenced to 17.5 years jail
The 82-year-old founder of Hin Leong Trading Pte., who has appeared for court hearings in a wheelchair, faced three out of more than 100 charges initially presented.
13 days ago
Company in the news
Singapore seeks to jail OK Lim for 20 years for cheating HSBC
The sentence is the latest development in the dramatic downfall of the founder of now-defunct oil company Hin Leong Trading.
October 15, 2024
Company in the news
Ex-Singapore oil mogul Lim set to pay liquidators US$3.5 bil
In what is known as a consent judgment, the Lims will pay the billion-dollar sum with interest and costs to end the suit.
September 30, 2024
Company in the news
Singapore’s OK Lim faces liquidators, banks in US$3.5 bil case
Hin Leong’s liquidators are PricewaterhouseCoopers LLP’s Chan Kheng Tek and GTP Advisory PAC’s Goh Thien Phong.
August 10, 2023
Company in the news
Singapore oil trader OK Lim on trial in US$3.5 billion case
Hin Leong’s fallout was the biggest among a string of failures across Singapore’s commodities sector in recent years.
April 11, 2023
Company in the news
Hin Leong's OK Lim slapped with 105 new charges; court bail raised to $4 mil
Hin Leong previously sued Deloitte & Touche for the firm’s failure to detect “serious irregularities” in its financial statements.
June 24, 2021
Company in the news
Court caps expenses for Hin Leong's Lim family at $10,000 a week
Under the asset freeze, the Lims are not allowed to dispose of assets that include their properties in Singapore and Australia.
June 09, 2021
Company in the news
Lim Oon Kuin appeals US$20 mil court order
The appeal was made this month after the Lims paid the sum to Ocean Tankers Pte. Ltd.
May 24, 2021
Company in the news
High Court approves request to freeze US$3.5 bil of assets of Hin Leong's Lim family
Lim Oon Kuin and his family will be asked by lawyers to disclose their assets to the court in the next few days.
May 24, 2021
Company in the news
OK Lim and family face asset claims from Hin Leong creditors
At least a dozen creditors are going after the personal assets of OK Lim and his family.
April 05, 2021