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flag Founder of collapsed Singapore oil firm Hin Leong faces sentencing for $112M fraud against HSBC.

flag O.K. flag Lim, founder of the collapsed Singapore oil trading company Hin Leong Trading, is set to be sentenced on Monday for defrauding HSBC of nearly $112 million. flag Lim, convicted in May, faces a 20-year jail term sought by prosecutors, while his defense requests seven years. flag The case, one of Singapore’s most serious frauds, has damaged the country's reputation as a top oil trading hub.

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