Hin Leong’s founder Lim Oon Kuin and his two children can also spend “a reasonable sum” on legal advice, as well as other representations, on top of these weekly living expenses, according to court orders filed on June 4 that were seen by Bloomberg News. Lim, 79, has been charged with forgery and related offenses, as his oil-trading firm, once the city-state’s largest, fell into liquidation in March.
Singapore’s High Court capped expenses for the founding family of collapsed oil trader Hin Leong Trading Pte. at $10,000 a week per person as part of an order that also freezes as much as US$3.5 billion ($4.66 billion) of their assets around the world.
