Photo by Reuters His firm, Hin Leong Trading, was among Asia's biggest oil trading companies before its sudden and dramatic collapse in 2020.Sentencing him to 17 and a half years in jail, State Courts judge Toh Han Li said he agreed with the prosecution that the offenses had the potential to undermine confidence in Singapore's oil trading industry.

Octogenarian Lim Oon Kuin handed long jail term as ‘deterrent’ in city-state’s fight against commodity trading corruption

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.

The Hing Leong founder, real name Lim Oon Kuin, was earlier convicted of two charges of cheating HSBC and one count of abetting forgery.

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

Singapore oil tycoon Lim Oon Kuin has been sentenced to 17 and a half years in jail for cheating HSBC Holdings Plc and instigating forgery in a case that has shaken the city-state’s commodity-trading community and left banks nursing hefty losses.

An octogenarian oil trader has been given a 17-and-a-half-year jail sentence in Singapore for defrauding HSBC, in a long-running case that sent shockwaves through the city-state’s commodity trading sector.