SINGAPORE — Hin Leong founder Lim Oon Kuin was sentenced on Monday (Nov 18) to 17 years and six months jail for three charges of cheating and forgery in what prosecutors described as one of the most serious cases of trade financing fraud that have ever been prosecuted in Singapore .
The prosecution on Oct 15 sought a maximum sentence of 20 years for the 82-year-old better known as O.K. Lim, whose offences affected the delivery of financial services in Singapore, and tarnished Singapore s hard-earned reputation as Asia s leading oil trading hub .
Following a 62-day criminal trial, Lim, a legend in Singapore s oil industry, was convicted in May of two cheating charges and one count of instigating forgery for the purpose of cheating. His bail of $4 million had been extended.
The former oil tycoon was found guilty of cheating HSBC through employees of his family business , by claiming that Hin Leong had entered into two contracts to sell oil to China Aviation Oil (Singapore) and Unipec Singapore, and then applying for discounting of these purported transactions.
Sunday 2 November 2025
asiaone.com - 12 month ago
O.K. Lim gets 17.5 years jail for cheating and forgery
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