Singapore: Hin Leong Trading Founder OK Lim taken into custody at hospital

Legal

Published Mon, 6th April 2026
by Admin

The 84-year-old had been due to surrender at the State Courts on 1 April, but was hospitalised three days earlier after experiencing breathing difficulties.

The founder of collapsed oil trading company Hin Leong Trading, Lim Oon Kuin, was taken into custody at Gleneagles Hospital in Singapore to begin his 13.5-years prison sentence, according to CNA on Thursday (2 April).

Lim, widely known as OK Lim, 84, had been due to surrender at the State Courts on 1 April, but was hospitalised three days earlier after experiencing breathing difficulties.

His son told The Straits Times that the family found Lim disoriented and was struggling to breathe at home, and doctors are still conducting tests to determine the cause.

His counsel successfully applied to defer the start of his sentence, with bail extended until 3pm on 2 April.

However, Lim did not appear at Singapore’s State Courts on the day. As he was not discharged by 12pm, authorities required him to surrender at the hospital instead.

Lim’s jail term had been reduced on appeal from 17.5 years, with the court noting his advanced age and low likelihood that he would reoffend.

In November 2024, Lim was sentenced for three charges of cheating and forgery at the State Courts of Singapore after a lengthy trial.

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.

These three charges concern two fraudulent discounting applications made by Hin Leong to the Hongkong and Shanghai Banking Corporation Limited (HSBC), pursuant to which HSBC disbursed a total of USD 111,683,939 to Hin Leong.

Photo credit: Manifold Times
Published: 6 April, 2026

Singapore: Hin Leong Trading Founder OK Lim taken into custody at hospital

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