The founder of Singapore’s Hin Leong Trading (HLT), Lim Oon Kuin, has been struck with a second charge of abetment in forgery for the purpose of cheating, reports The Business Times.
According to charge sheets filed in the State Courts on Friday (25 September), Lim purportedly “instigated” Freddy Tan Jie Ren, a contracts executive of Hin Leong to write an email with the subject titled “CAO – Sale of gasoil 10PPM sulphur”, with the intention of creating an electronic record of the transaction for the purpose of cheating.
The email was supposedly sent from Hin Leong to China Aviation Oil (Singapore) Corporation on Feb 26 at 4.41pm.
In the first charge, Lim was accused of instigating an employee to forge a document stating that the company had transferred more than 1million barrels of gasoil to China’s state-controlled China Aviation Oil (CAO).
The said document was issued by HLT’s storage arm Universal Terminals and was reportedly used to secure more than $56 million in trade financing from an unnamed financial institution.
Photo credit: Manifold Times
Published: 28 September, 2020
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