Lim charged in Singapore court

Lim Oon Kuin, the founder of Singapore oil firm Hin Leong Trading, was charged in a Singapore court on Friday August 14th with abetment of forgery for the purpose of cheating.

Hin Leong has been under judicial management since April. The collapse in the price of oil led to the uncovering of previous financial misdemeanours.

Lim has been charged with getting an employee to forge a document supposedly issued by UT Singapore Services, a document which claimed 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.