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Singapore: Hin Leong Trading Founder OK Lim facing 23 new forgery-related charges at State Courts

DPP Navin Naidu requested an additional six weeks to finalise charges while Lim’s court bail of $3 million was extended with the next hearing scheduled on 24 June.

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The Founder of Hin Leong Trading Lim Oon Kuin was issued 23 new forgery-related charges, namely 12 counts of abetment of forgery for the purpose of cheating and 11 counts of forgery, at the State Courts of Singapore on Friday (30 April), according to the Straits Times.

The charges alleged Lim inciting Freddy Tan Jie Ren, a contracts executive at Hin Leong, to create fake inter-tank transfer (ITT) certificates using the letterhead of UT Singapore Services on several occasions between June 12 2019 to March 9 2020 for the purpose of cheating.

Other charges claim of Lim working with Mr Tan to create fake certificates of quality issued by Amspec Testing Services (ATS) to show HSFO samples being collected at UT Singapore Services being tested by ATS on several occasions between June 12 2019 to Feb 3 2020.

The charges noted Mr Tan obtaining the forged certificates from Mohamed Hidayat Bin Mohd Shariff, a senior business manager at Amspec, between June 12 2019 to February 3 2020 and Ramachandran Ravichandran, a senior operations executive at Amspec, between October 15 2019 to and March 9 2020.

DPP Navin Naidu requested an additional six weeks to finalise charges while Lim’s court bail of $3 million was extended on Friday with the next hearing scheduled on 24 June.

An extensive coverage by Singapore bunkering publication Manifold Times regarding the fall of Hin Leong can be found below:

Related: Application to wind up Hin Leong Trading subsidiary, Hin Leong Marine approved
Related: Singapore High Court approves Hin Leong Trading wind up order application
Related: Hin Leong Trading liquidates a third of its fleet to recover USD 3.5 billion debt
Related: Lim family aims to wind up Hin Leong Trading subsidiary, Hin Leong Marine
Related: Judicial Managers of Hin Leong Trading Pte Ltd file for winding up order
Related: Hin Leong judicial managers to hold meeting of creditors to discuss fees incurred
Related: Lim family files application to wind up Hin Leong Trading subsidiary, Hin Leong Marine
Related: First creditors meeting of Ocean Tankers to be held in early January 2021
Related: Bank of China takes legal action against BP Plc and Lim family to recover $312.9 million
Related: OBS to wind up operations; creditor list alleges estimated USD 42 million debt
Related: Ocean Tankers publishes notice for creditors to prove any debts or claims for publication
Related: Hin Leong Trading founder denies allegations of forgery put forward by HSBC
Related: Singapore: Xihe Holdings and subsidiaries to be placed under judicial management
Related: HSBC takes Lim family and Hin Leong employee to court to recover USD 85.3 million
Related: Da An Shipping Pte Ltd passes winding-up resolution and publishes notice to creditors
Related: Xihe Capital and subsidiaries, Nan Guang Maritime to undergo voluntary liquidation
Related: MPA: Ocean Bunkering Services licenses suspended ‘until further notice’ and not revoked, it clarifies
Related: Singapore: Ocean Bunkering Services bunker claims against ASL Marine & Offshore heads to arbitration
Related: Ocean Tankers to return most ships to owners to reduce $540,000 a day cash burn
Related: Singapore: Ocean Bunkering Services license suspended until further notice
Related: PwC publishes ‘investment opportunity’ for Singapore independent bunker fuel supplier
Related: Hin Leong founder O.K. Lim hit with second charge of abatement in forgery
Related: Hin Leong judicial managers and legal firms could rack up SGD 17.3 million in fees
Related: Winson Group wins ICC backing in dispute against banks over credit for Hin Leong Trading
Related: O.K. Lim and two children sued for USD 3.5billion; receiver appointed for 3 Xihe ships
Related: Managers of Ocean Tankers looking to recover USD 19 million from Lim family
Related: Argus Media: Singapore’s Hin Leong founder charged with forgery
Related: Xihe Holdings placed under IJM as OCBC reverses decision for ‘consensual restructuring’
Related: Xihe replaces Directors, forms new management team to chart fresh course for Group
Related: Hin Leong Trading lawyers publish application to fulfill requirements for hearing to proceed
Related: Ocean Tankers legal team publishes application to be placed under judicial management
Related: Judicial management applications for Hin Leong Trading and Ocean Tankers delayed
Related: Lim family to inhibit law firm Rajah & Tann from representing troubled HLT & OTPL
Related: OCBC files for Xihe Holdings to be placed under judicial management
Related: Judicial managers of Ocean Tankers discover discrepancies and fraud in exposure claims
Related: Judicial managers of Ocean Tankers to present restructuring proposals to owners
Related: PwC probes uncover mass grave of financial skeletons and alleged fraud within HLT
Related: Winson Group seeks SGD 30.4 million from Standard Chartered over HLT related trade
Related: Winson Group seeks SGD 30.4 million from OCBC over credit pull in Hin Leong trade
Related: Ocean Tankers: Notice to prove debt or claim published by interim judicial managers
Related: ‘Reasonable prospects’ to keep Ocean Tankers as a going concern, states Director
Related: Singapore: Ocean Tankers, a separate entity of Hin Leong, seeking judicial management
Related: Singapore High Court concedes interim judicial management to Hin Leong Trading
Related: Sembcorp commences legal proceedings against Hin Leong Trading over gasoil cargo
Related: Sembcorp Cogen aborts gasoil supply and storage contract with Hin Leong Trading
Related: Report: Sinopec expresses interest in Hin Leong Trading stake of Universal Terminal
Related: Report: Hin Leong Trading appoints PwC as interim judicial manager
Related: Singapore’s Police Force commence investigations into Hin Leong Trading
Related: Report: Hin Leong Trading founder gave instructions to hide USD 800 million losses
Related: Singapore: Ocean Bunkering Services to discontinue marine fuel deliveries
Related: Hin Leong in debt restructuring exercise; Ocean Tankers a separate entity, says CEO
Related: Report: Hin Leong Trading finances under scrutiny, amid credit pull from two banks

 

Photo credit: Manifold Times
Published: 3 May, 2021

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Crime

Vietnam: Two ships seized over 170,000 litres of unknown origin diesel oil

Vietnam Coast Guard said vessels were transporting various quantities of oil cargo: KG-91487- DR was transporting about 145,000 litres and KG-91602-TS transported about 25,000 litres.

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Vietnam: Two ships seized over 170,000 litres of unknown origin diesel oil

The Vietnam Coast Guard on Tuesday (20 February) said it seized a total of about 170,000 litres of unknown origin diesel oil in an operation. 

Patrol boats belonging to Coast Guard Region 4 Command detected two fishing boats – KG-91487- DR and KG-91602-TS – displaying several suspicious signs.

Initial investigations found all vessels without invoices and documents proving legal origin of the oil material.

The vessels were transporting various quantities of oil material: KG-91487- DR was transporting about 145,000 litres and KG-91602-TS transported about 25,000 litres.

The authorities made records of administrative violations,and escorted the vessels to Fleet Port 422 in Phú Quốc city, Kiên Giang province for further investigations and handling in accordance with the law.

 

Photo credit: Vietnam Coast Guard
Published: 23 February, 2024

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Winding up

Xihe Holdings liquidators issue intended dividend notice to creditors

Creditors will need to produce proofs of debt to liquidators of the company by 8 March 2024 at 5pm, according to Government Gazette notice.

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RESIZED Drew Beamer

A notice to declare intended dividend of Xihe Holdings Pte Ltd to its creditors has been posted on Singapore’s Government Gazette on Friday (16 February). 

Xihe Holdings Pte Ltd and its subsidiaries are owned by the Lim family, who are also the owners of the embattled Hin Leong Trading.

Details of the notice of intended dividend are as follows:

Name of Company : Xihe Holdings (Pte) Ltd (In Liquidation)

Unique Entity No. / Registration No. : 199002021M

Address of Registered Office : c/o Grant Thornton Singapore Private Limited 8 Marina View #40-04/05 Asia Square Tower 1 Singapore 018960

Court : High Court of Singapore

Number of Matter : HC/CWU 40/2022

Last Day for Receiving Proofs : 8 March 2024 at 5:00 pm by email to [email protected] 

Name of Liquidators : Seshadri Rajagopalan, Paresh Tribhovan Jotangia and Ho May Kee

Address : c/o Grant Thornton Singapore Private Limited, 8 Marina View #40-04/05 Asia Square Tower 1

Singapore 018960

 

Photo credit: Drew Beamer
Published: 21 February, 2024

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Legal

Malaysia: MMEA detains modified fishing boat suspected of smuggling diesel oil

Three men, aged 32 to 40, were suspected to be involved in smuggling the subsidised oil estimated to be 6,000 litres, worth almost MYR 13,000 (USD 2,712).

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Malaysia: MMEA detains modified fishing boat suspected of smuggling diesel oil

The Malaysian Maritime Enforcement Agency (MMEA) on Monday (19 February) said it detained a fishing vessel and three local men who were onboard after they allegedly tried to smuggle 6,000 litres of diesel worth MYR 13,000 (USD 2,712) on 18 February. 

In the 11pm incident, the men, aged 32 to 40, onboard the ship were found with the diesel at 0.6 nautical miles north of Pulau Langgun, Langkawi. 

“During the inspection of the boat in question, officers found there was an additional space on the deck and covered with plywood in the intention of hiding it from authorities,” said MMEA. 

Malaysia: MMEA detains modified fishing boat suspected of smuggling diesel oil

“Officers then proceeded to dismantle the plywood and found two storage containers that were converted into extra oil barrels.”

“As a result of that discovery, the suspects are suspected to be involved in smuggling subsidised oil estimated to be 6,000 litres, worth almost MYR 13,000.”

MMEA detained the fishing vessel and men before they were brought to Bukit Malut Maritime Jetty for further investigations.

 

Photo credit: Malaysian Maritime Enforcement Agency
Published: 20 February, 2024

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