Disgraced Singapore oil tycoon to be sentenced for fraud

Disgraced Singapore oil tycoon to be sentenced for fraud …C0NTINUE READING HERE >>>

High profile corruption cases are rare in Singapore.
Photo: Roslan RAHMAN / AFP/File
Source: AFP

The founder of a failed Singapore oil trading company will be sentenced Monday for cheating banking giant HSBC out of millions of dollars in one of the country’s most serious cases of fraud.

Lim Oon Kuin, better known as O.K. Lim, was convicted in May in the case that dented the city-state’s reputation as a top Asian oil trading hub.

His firm, Hin Leong Trading, was among Asia’s biggest oil…

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