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Hontop Energy placed under judicial management over fraudulent conduct accusations

14 Sep 2020

Following the hearing for Hontop Energy to be placed under judicial management last Monday (7 September), the Singapore High Court on Friday (11 September) published a notice of judicial management. 

The application was filed by CIMB Bank Singapore on 15 June, 2020 as the bank looked to recover USD 105 million from Hontop and accused the company of fraudulent conduct.

The details for the procedure were published in the Government Gazette as follows:

  1. Number of matter: HC/OS 570/2020
  2. Date of filing of application: 15 June 2020
  3. Applicant’s solicitors: Rajah & Tann Singapore LLP
  4. Date of Order: 7 September 2020
  5. Registered office of the abovenamed company: 8 Temasek Boulevard, #39-01 ,Suntec Tower Three,  Singapore 038988.

Name and address of Judicial Managers:
c/o RSM Corporate Advisory Pte Ltd
8 Wilkie Road
#03-08 Wilkie Edge
Singapore 228095

Rajah & Tann Singapore LLP
9 Straits View #06-07 Marina One West Tower, Singapore 018937
Solicitors for the Applicant

Related: Hearing date set for Hontop Energy to be placed under judicial management
Related: CIMB requests for Hontop Energy restructuring amid suspicious transactions with BP
Related: Argus Media: Hontop Energy fraud allegations add to Singapore trading woes
Related: BP Singapore oil traders on leave over being named in Hontop Energy fraud allegations

Photo credit: Manifold Times
Published: 14 September, 2020

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