Judge Toh Han Li said during the sentencing at Singapore’s State Courts on Monday that a “deterrent” sentence was justified and said there would be no major concessions for Lim’s medical condition. Lim, a Mandarin speaker with limited English, listened to the sentencing through a translator.
A Singapore court has sentenced oil tycoon Lim Oon Kuin to 17-and-half years in jail for cheating HSBC Holdings Plc and instigating forgery, in a case that has shaken the city-state’s commodity-trading community.
The 82-year-old founder of Hin Leong Trading Pte., who has appeared for court hearings in a wheelchair, faced three out of more than 100 charges initially presented. Lim and his children had already agreed in September to pay US$3.6 billion ($4.84 billion) to the company’s liquidators and creditor HSBC in a separate, civil, case, and have filed for bankruptcy.
