SINGAPORE (Reuters) -- The founder of collapsed Singaporean oil trading firm Hin Leong Trading was sentenced to 17 and a half years in prison on Monday for cheating global bank HSBC and abetting forgery, local media reported.
Lim Oon Kuin, known as O.K. Lim, was convicted on two counts of cheating and one of instigating forgery in May. The convictions were over the disbursement by the bank of $111.7 million in March 2020 as payment for two oil sales contracts that prosecutors said were fabricated.
.jpg?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)
.jpg?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)
