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flag Singapore’s court upheld OK Lim’s fraud conviction but reduced his sentence to 13.5 years due to age and health.

flag Singapore’s High Court has upheld the conviction of 84-year-old former oil tycoon OK Lim for orchestrating a $111.7 million fraud through fake oil deals but reduced his prison sentence from 17.5 to 13.5 years, citing his age, health, and low reoffending risk. flag The court found the original sentence overly harsh and not properly considering restitution efforts or lack of sector-wide harm. flag Lim, who remains on S$2 million bail secured by his wife, is bankrupt following a $3.5 billion civil judgment. flag His daughter, Lim Huey Ching, faces trial for allegedly directing deletion of company data.

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