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OK Lim slapped with second charge of abetting Hin Leong worker in forgery

OK Lim slapped with second charge of abetting Hin Leong worker in forgery

Source: Business Times
Article Date: 26 Sep 2020
Author: Tay Peck Gek

The prosecution said Lim, who is out on S$3 million bail, could face more charges.

Tycoon Lim Oon Kuin on Friday was charged with another count of abetment of forgery for the purpose of cheating, which carries a mandatory imprisonment term. That may not be the last alleged wrongdoing the founder of oil trader Hin Leong Trading could face prosecution for, however.

Deputy Public Prosecutor Navin Naidu told the court that there could be additional charges brought against Lim when the state on Friday preferred a second charge against the 78-year-old, who is also known as OK Lim. In the latest charge, Lim was said to have instigated an employee to create an e-mail in relation to a sale transaction of gasoil 10 ppm (parts per million) sulphur, and making it look like it was sent from the oil trader to China Aviation Oil (Singapore) Corp on Feb 26.

This false email was allegedly produced with a forged Inter-Tank Transfer certificate to a financial institution to secure more than US$56 million in trade financing.

The certificate, sent on the letterhead of UT Singapore Services, stated that Hin Leong had transferred more than a million barrels of gasoil to China Aviation Oil on March 18.

Lim had been charged in August with one count of abetment of forgery over the Inter-Tank Transfer certificate. Each offence carries a mandatory jail term of up to 10 years and a fine.

Lim was first charged in August via video-link, but he turned up in the State Courts on Friday to face the arraignment of the second charge.

However, he was denied entry into the courthouse due to a respiratory problem. The second charge was read in Mandarin to him at the entrance to the courthouse instead. The case has been adjourned to Nov 23 for police investigations to be completed. Lim is out on bail of S$3 million.

Source: Business Times © Singapore Press Holdings Ltd. Permission required for reproduction.

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