Lim Oon Kuin and children consent to $3.5B fraud judgment, deny liability, plan bankruptcy.

Lim Oon Kuin, founder of the defunct oil trading firm Hin Leong, and his children have consented to a $3.5 billion judgment in favor of liquidators following allegations of fraud and financial misconduct. Despite agreeing to the payment, they deny liability and plan to file for bankruptcy due to insufficient assets. This judgment follows Lim's conviction on charges related to deception and document forgery involving HSBC.

September 30, 2024
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