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Singapore: Former Trading Manager of New Ocean Fuel fined SGD 800, sentenced to three months jail

Accused pleaded guilty to one obstruction of justice and two criminal trespass charges when he was found to have assisted in the disposal of evidence, while causing disturbance at New Ocean Fuel’s office.

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A Judge at the State Courts of the Republic of Singapore on Wednesday (16 February) issued the former Trading Manager of bunkering firm New Ocean Fuel Pte Ltd (NOF) a SGD 800 fine and three-month jail sentence over one obstruction of justice and two criminal trespassing charges.

China national and Singapore PR Qie Yanpeng, also known as Xiaoxu, was working with accomplices Ang Heng Lye (Eric), a consultant at Ocean Express Pte Ltd, and Tay Tien Whui (Jason), the director and sole shareholder of Success Energy and Ocean Express, while employed at NOF, according to documents obtained by Singapore bunkering publication Manifold Times.

Both Eric and Jason are involved in a criminal syndicate and have been convicted of MFM tampering offences on earlier dates.

During the period, NOF chartered two bunker tankers, namely Southernpec 6 and Southernpec 7, from Southernpec Shipping Pte Ltd. where bunkering operations onboard both vessels were supervised by cargo officers provided by Success Energy.

Around June 2018, Success Energy began instructing its cargo officers to use an industrial strength magnet to tamper with the mass flowmeters (MFMs) on board both Southernpec bunker barges during refuelling operations for NOF.

The purpose of using a magnet to tamper with the MFM is to cause a higher amount of bunker fuel to be recorded as having been delivered to the buyer vessel than what was actually delivered.

This was done to conceal the fact that a lesser amount of MFO was delivered to the buyer vessel than what was contractually agreed, without the knowledge or agreement of the buyer.

Investigations ultimately uncovered 66 magnet tampering incidents committed from June to December 2018, involving USD 121,585.60 of MFO erroneously recorded as having been delivered.

Obstruction of Justice charge

Kek Kah Hui (Dylan), a cargo officer from Success Energy working on board Southernpec 7, was arrested following an enforcement check by the Maritime and Port Authority of Singapore (MPA) on 19 April 2019.

On 9 May 2019, Xiaoxu arranged a meeting between Eric and Dylan’s two sisters for the purpose of retrieving his laptop which contained incriminating evidence.

Xiaoxu left the meeting when it ended, while Jason arrived with his car to drive Eric and Dylan’s two sisters to retrieve the laptop which was later disposed in a dustbin – the laptop and its contents were never recovered.

“By virtue of the foregoing, the accused did abet by engaging in a conspiracy with Eric and Jason to intentionally obstruct the course of justice. He has thereby committed an offence punishable under s 204A read with s 109 of the Penal Code (Cap. 224, 2008 Rev. Ed.) (‘PC’),” stated the document.

Criminal Trespassing charges

An obstruction of justice charge was placed against Xiaoxu in July 2019, whose legal fees were still being paid by NOF. The company later retrenched Xiaoxu in July 2020 and said it would no longer be paying his legal bills.

Angered by the development, Xiaoxu confronted his former manager on 27 August 2020 by shouting the manager’s name with an intent to cause annoyance when entering NOF’s office – resulting in a criminal trespassing charge.

Understanding his former manager was not in the office, he proceeded to throw a phone handset at a computer monitor (valued at SGD 159) belonging to an ex-colleague and caused damage to the item – resulting in another criminal trespassing charge.

Disturbed NOF employees present called the police which arrived at the scene to arrest Xiaoxu.

Related: Magnets on MFMs: Criminal syndicate convicted over MFM tampering offences; cases closed
RelatedMagnets on MFMs: Director of Urban Energy to serve 34 months’ imprisonment over bunkering offences
RelatedMagnets on MFMs: Trial ends with 35-month imprisonment sentence for Director of Seahub Energy
RelatedMagnets on MFMs: Trial ends with ten-month imprisonment for Bunker Clerk of “Fragrance”
RelatedMagnets on MFMs: Driver posed as Southernpec bunker crew to commit MFM tampering
RelatedMagnets on MFMs: Trial starts for former bunker clerk of “Consort Justice”
RelatedMagnets on MFMs: First suspect charged over MFM tampering in landmark case
RelatedMagnets on MFMs: “Consort Justice” crew pleads ‘not guilty’ to tampering charge
RelatedSingapore: Southernpec bunker supplier licence revoked by MPA
RelatedOfficial: MPA revokes Southernpec bunker craft operator licence
RelatedMagnets on MFMs: MPA suspends Southernpec bunker craft license
RelatedMagnets on MFMs: Case of ‘a few bad apples spoiling the basket’
RelatedMagnets on MFMs: Issue a breach of ‘Operational Security’ under TR 48 (updated)
RelatedSingapore: Sea Hub Energy exits MPA bunker craft operator list

 

Photo credit: Manifold Times
Published: 17 February, 2022

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Legal

Singapore withdraws remaining 127 charges against Hin Leong founder OK Lim

Lim Oon Kuin, also known as OK Lim, was issued a stern warning and a district court granted him a discharge amounting to an acquittal for these charges on 17 July.

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RESIZED Sora Shimazaki on Pexels

Founder of collapsed oil trader Hin Leong Trading, Lim Oon Kuin, also known as OK Lim, has had the remaining 127 charges against him withdrawn, according to The Straits Times on Monday (20 July). 

OK Lim was issued a stern warning and a district court granted him a discharge amounting to an acquittal for these charges, including those for cheating, on 17 July. The discharge means Lim cannot be prosecuted again for the same offences.

Lim, 84, is currently serving a 13½-year prison sentence after the High Court reduced his original 17½-year jail term in March 2026. He was convicted in 2024 on two cheating charges and one count of abetting forgery in a case prosecutors described as one of Singapore’s most serious trade finance frauds.

Lim was convicted in May 2024 of two charges of cheating the Hongkong and Shanghai Banking Corporation (HSBC) and one count of abetting forgery that proceeded to trial out of a total of 130 criminal charges.

He was first charged in court on 14 August 2020, and was subsequently handed further charges in court on 25 September 2020, 30 April 2021 and 24 June 2021 for his role in perpetuating fraud on various financial institutions. 

A total of 130 charges were eventually brought against him for cheating and forgery-related offences.

Related: Singapore: Hin Leong Founder OK Lim gets jail term slashed to 13.5 years

 

Photo credit: Sora Shimazaki
Published: 21 July, 2026

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Winding up

Singapore: Coastal Logistics Pte Ltd to be wound up voluntarily

Coastal Logistics was reportedly affiliated with troubled Singapore bunker player Coastal Oil (Singapore) Pte Ltd.

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RESIZED Drew Beamer

Several resolutions for Coastal Logistics Pte Ltd were made during an extraordinary general meeting held on 14 July, according to a notice in the Government Gazette on Friday (4 July).

The following resolutions were duly passed during the meeting:

As Special Resolution

  • That it has been proved to the satisfaction of the meeting that the Company cannot by reason of its liabilities continue its business and accordingly the Company be wound up voluntarily pursuant to Section 160(1)(b) of the Insolvency, Restructuring and Dissolution Act 2018 (No. 40 of 2018);

As Ordinary Resolutions

  • that Mr. Wong Pheng Cheong Martin and Ms. Koay May Yee, both care of FTI Consulting (Singapore) Pte Ltd, One Raffles Quay, #27-10 South Tower, Singapore 048583 be appointed as the joint and several Liquidators of the Company for the purpose of such winding up; and
  • that the Liquidators be at liberty to open, maintain and operate any bank account(s) or account(s) for monies received by them as Liquidators with such bank(s) as they deem fit; and
  • that a Committee of Inspection will not be formed.

Manifold Times previously reported Nicholas James Gronow, director of Heng Tong Fuels & Shipping and Coastal Logistics, filed statutory declarations for both companies stating the firms cannot continue their businesses due to liabilities.

Both companies were reportedly affiliated with troubled Singapore bunker player Coastal Oil (Singapore) Pte Ltd. 

In 2019, several vessels owned by both firms entered the sale & purchase (S&P) market in Singapore.

Related: Singapore: Director declares Heng Tong Fuels & Shipping’s inability to continue business
Related: Heng Tong Fuels & Shipping in court over DBS Bank bunker tanker loan
Related: Singapore: Bunker tanker “Coastal Neptune” arrested
Related: Heng Tong Fuels & Shipping, Coastal Logistics tankers enter S&P market

 

Photo credit: Drew Beamer
Published: 21 July, 2026

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Winding up

Singapore: Liquidator of Nan Shan Maritime Pte Ltd issues notice of dividend

Third interim dividend to admitted unsecured claims of Nan Shan Maritime is payable from 15 July, according to Government Gazette notice.

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RESIZED Drew Beamer

A notice of dividend for Nan Shan Maritime Pte Ltd, which is currently in creditors’ voluntary liquidation, was published on the Government Gazette on Wednesday (15 July). 

The following are the details of the notice:

Name of Company : Nan Shan Maritime (Pte.) Ltd.(In Creditors’ Voluntary Liquidation)
Unique Entity No. / Registration No. : 201701967H
Address of Registered Office : 10 Anson Road, #10-10, International Plaza, Singapore 079903
Amount per centum : 5.00 Per Centum of all admitted unsecured, claims
First and Final or Otherwise : Third Interim
When Payable : 15 July 2026
Where Payable : Entitlements will be made by way of cheque.

 

Photo credit: Drew Beamer
Published: 16 July, 2026

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