Civil trial against Hin Leong founder O.K. Lim and his two children starts
SINGAPORE - The civil trial oflawsuits brought by the liquidators of Hin Leong and HSBC Holdings against the oil trading firm’s embattled founder Lim Oon Kuin, better known as O.K. Lim, and his two children began on Thursday in the High Court.
The liquidators – Mr Goh Thien Phong and Mr Chan Kheng Tek – are seeking a court order to force the 81-year-old former oil tycoon, his son Evan Lim Chee Meng and daughter Lim Huey Ching to repay US$3.5 billion (S$4.7 billion) in alleged debt and US$90 million in dividends they allegedly paid themselves, even though their oil trading firm was insolvent.
……Read full article on The Straits Times - Singapore
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kktk 14/08/2023
and at the end of the day hope they are able to exact a certain amount of justice and make sure the culprits pay for the huge losses that they have incurred in the whole episode of things too
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