Disgraced Singapore oil tycoon to be sentenced for fraud ...Middle East

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Disgraced Singapore oil tycoon to be sentenced for fraud
SINGAPORE: The founder of a failed Singapore oil trading company will be sentenced Monday for cheating banking giant HSBC out of millions of dollars in one of the country’s most serious cases of fraud.Lim Oon Kuin, better known as O.K. Lim, was convicted in May in the case that dented the city-state’s reputation as a top Asian oil trading hub.His firm, Hin Leong Trading, was among Asia’s biggest oil trading companies before its sudden and dramatic collapse in 2020.State Courts Judge Toh Han Li was due to sentence Lim at 2:30pm (0630GMT) Monday.State prosecutors are seeking a 20-year jail term for the octogenarian businessman, saying “this is one of the most serious cases of trade financing f

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