O K Lim charged with forgery

Lim Oon Kuin, founder of Singapore oil firm Hin Leong Trading, was charged in a Singapore court on Friday with abetment of forgery for the purpose of cheating. Lim faces up to 10 years in jail if found guilty of the forgery.

Hin Leong has been under judicial management since April after the company ran into trouble with the plunging price of oil and earlier financial misdemeanours were uncovered. Its downfall has also placed subsidiary Ocean Tankers into judicial management.

Lim was accused of getting an employee to forge a document supposedly issued by UT Singapore Services stating that Hin Leong had transferred more than 1m barrels of gasoil to China Aviation Oil (Singapore) Corp. The document was then allegedly used to secure more than $56m in trade financing from a financial institution.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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