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Singapore court overturns fraud conviction of 82-year-old OK Lim in $111.6M oil scam due to flawed evidence.
A Singapore court has overturned the conviction of 82-year-old OK Lim, former head of Hin Leong Trading, in a major fraud case involving $111.6 million in fake oil transactions with HSBC.
The appellate ruling found errors in the original trial, including insufficient evidence that the transactions were delivered or that Lim directly ordered forged documents.
Lim, already bankrupt alongside his children in December 2024 after a $3.5 billion civil judgment, faces ongoing legal challenges, including his daughter’s trial for obstructing justice.
The appeal hearing continues, with sentencing arguments scheduled for November 14.
El tribunal de Singapur anula la condena por fraude de OK Lim, de 82 años, en una estafa petrolera de $111.6 millones debido a pruebas defectuosas.