At a hearing on Monday, court-appointed liquidators will ask the Singapore High Court to freeze the family’s assets worldwide, from multimillion-dollar homes to country club memberships, shares and funds, three sources with knowledge of the case told Reuters.
Stung by the collapse of Asia’s top independent oil trading firm, some global banks have teamed up to seek the personal assets of the family behind Hin Leong Trading, which has left creditors on the hook for billions of dollars.
As part of what sources say is the biggest legal case in living memory in Singapore, liquidators and creditors are hunting for assets from the city-state to China to Australia belonging to the Lim family, after the Singapore-based company was wound up in March.
