OK Lim slapped with second charge of abetting Hin Leong worker in forgery
Singapore
TYCOON Lim Oon Kuin on Friday was charged with another count of abetment of forgery for the purpose of cheating, which carries a mandatory imprisonment term. That may not be the last alleged wrongdoing the founder of oil trader Hin Leong Trading could face prosecution for, however.
Deputy Public Prosecutor Navin Naidu told the court that there could be additional charges brought against Lim when the state on Friday preferred a second charge against the 78-year-old, who is also known as OK Lim. In the latest charge, Lim was said to have instigated an employee to create an e-mail in relation to a sale transaction of gasoil 10 ppm (parts per million) sulphur, and making it look like it was sent from the oil trader to China Aviation Oil (Singapore) Corp o…
GET BT IN YOUR INBOX DAILY
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Tesla cuts US prices by US$2,000 as sales slow, inventories swell
Volkswagen workers vote decisively to unionise in Tennessee
Sony deal for Paramount would draw added regulatory scrutiny
Bitcoin 'halving' has taken place: CoinGecko
Lululemon to shutter Washington distribution center, lay off 128 employees
Wall Street bonus rules return to regulatory agenda in third try