‘This deal never existed,’ says witness from Unipec on oil contract with Hin Leong

AN EXECUTIVE at Unipec Singapore, who once dealt regularly with Hin Leong Trading (HLT)‘s “big boss” Lim Oon Kuin for trades involving gas oil and diesel products, denied ever receiving an e-mail that was purportedly sent to him by HLT’s trading team.

The e-mail contained a purported US$55.8 million contract for the sale of ultra-low sulphur diesel by HLT to Unipec that was apparently concluded in March 2020.

“I have never received this e-mail. When the police came to ask us – our company – the IT department and I did a check on servers and historical records. No such e-mail was found,” said Unipec Singapore’s deputy general manager Peter Li Yue. Unipec Singapore is wholly owned by China’s energy-based trading company Unipec.