Better known as OK Lim, he is up against a total of 130 charges after Hin Leong was accused of hiding more than $800 million in losses and leaving more than 20 banks with huge liabilities.
Singapore businessman Lim Oon Kuin is on trial Tuesday for three charges related to cheating and forgery, after his collapsed oil firm Hin Leong Trading Pte. owed about US$3.5 billion to banks. He pleaded not guilty.
Prosecutors alleged that Lim, the 81-year-old founder of Hin Leong, had instigated an employee to fraudulently create a false electronic record, and deceived HSBC Holdings Plc. He faces as much as 10 years in jail for each of the three charges.
