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flag Singapore court overturns fraud conviction of 82-year-old OK Lim in $111.6M oil scam due to flawed evidence.

flag 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. flag The appellate ruling found errors in the original trial, including insufficient evidence that the transactions were delivered or that Lim directly ordered forged documents. flag 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. flag The appeal hearing continues, with sentencing arguments scheduled for November 14.

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