Hin Leong's O K Lim 'not given chance' to respond: family
Lim family says it has provided PwC with copies of medical certificates certifying him unfit for work for various periods
Singapore
THE boss of stricken oil trading firm Hin Leong Trading was not given a "reasonable opportunity" to respond to fraud allegations laid out in a recent report by PricewaterhouseCoopers (PwC) Advisory Services, his family said in a press statement on Thursday night.
PwC, the court-appointed interim judicial manager (IJM) for Hin Leong, alleged in a report filed with the Singapore High Court on Tuesday that the company had misled banks into lending it money. The oil trader also overstated its assets by at least US$3 billion and used fictitious profits to hide US$808 million in trading losses over the last 10 years, PwC alleged.
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