OK Lim, as he’s commonly known, says the documents were “mistakenly” issued and he wasn’t aware of the process, and isn’t responsible for HSBC’s losses. His family and the Hin Leong employee also deny the accusation, according to defense filings to a local court earlier this month.
Oil Tycoon Lim Oon Kuin, founder of troubled Singaporean oil trader Hin Leong, denied allegations by the company’s biggest creditor that he used forged documents to obtain financing.
HSBC Holdings Plc is suing Lim, his children, and a Hin Leong Trading Pte employee to recover US$85.3 million ($114.5 million) in financing that the bank alleges they obtained with forged accords.
