The prosecutor of Singapore brought another 23 charges on Friday against the founder of Hin Leong Trading Pte Ltd, Lim Oon Kuin, which had been collapsed. Last year, police in Singapore charged two counts of forgery to cheat the former oil tycoon, better known as O.K. Lim, who is 79. After three previous attempts by the prosecution in Singapore on Friday, Lim appeared in courts to bring him to court for the additional accusations he had to read.
The frail-looked Lim came into a van and had to be supported into a wheelchair wearing a black cap, brown jacket, light-colored shirt, and black pants. His head most of the time hanged and before leaving the court, he didn’t answer questions from a Reuters reporter.
The prosecution told the court that a further investigation would take six weeks. The next hearing will take place on 24 June.The Hin Leong was created in 1973 and was one of the top oil dealers in Asia, owned by O.K. Lim and its children, Evan Lim and Lim Huey Ching. After the oil crash led by Covid-19 caused massive losses, the company failed to restructure its debt of approximately 3.5 billion dollars (4.6 million dollars).
Lim allowed the company not to divulge hundreds of millions of dollars of losses over the course of several years in the court document last year.