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Singapore: Shell MGO bunker heist amount balloons to USD$142 million

Former Shell Eastern Petroleum employees allegedly stole 316,035 mt of MGO between August 2014 to January 2018, show court documents seen by Manifold Times.

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The Singapore State Court on Thursday (29 November) continued its hearing of the Shell MGO bunker heist case, from the last session on 18 May, 2018.

Prosecutors reorganised earlier charges and issued fresh counts against several suspects involved in an alleged case of stolen marine gas oil (MGO) from Shell Pulau Bukom refinery at Singapore, according to documents obtained by Manifold Times.

Earlier charges under section 411 with section 109 of the Penal Code against five former employees of Shell Eastern Petroleum, namely Cai Zhi Zhong, Juandi Bin Pungot, Koh Choon Wei, Muzaffar Ali Khan Bin Muhamad Akram, and Tiah Kok Hwee, underwent an amalgamation process to be reorganised into a per month basis.

Latest charges against the above five individuals indicate total misappropriation of 203,423.60 metric tonnes (mt) of MGO worth approximately $94.2 million (Exact: USD$94,204,265.98) from alleged illegal operations since August 2014; significantly up from $25.8 million earlier in May.

The counts under section 408 with section 109 of the Penal Code against three other ex-employees of Shell Eastern Petroleum, namely Abdul Latif Bin Ibrahim, Mohd Ibrahim S/O K Abdul Majid, and Richard Goh, underwent a similar amalgamation process to be reorganised into a per month basis.

The three above suspects allegedly misappropriated 112,611.8 mt of MGO worth about $46.6 million (Exact: $46,623,566.32) from suspected illegal MGO operations since June 2015.

In total, investigations uncovered the nine former employees of Shell Eastern Petroleum misappropriating about 316,035 mt of MGO worth approximately $140.8 million during the period between August 2014 to January 2018.

An additional 10 fresh charges were issued to Alan Tan Cheng Chuan and Ng Hock Teck under section 411 with section 109 of the Penal Code for dishonestly receiving stolen property transferred from Pulau Bukom to the vessel Sentek 26. The latest 10 charges related to alleged misappropriation of 7,122 mt of MGO worth about $3.3 million (Exact: USD$3,283,274.22).

Section 408 states:
Whoever, being a clerk or servant, or employed as a clerk or servant, and being in any manner entrusted in such capacity with property, or with any dominion over property, commits criminal breach of trust in respect of that property, shall be punished with imprisonment for a term which may extend to 15 years, and shall also be liable to fine.

Section 411 states:
Whoever dishonestly receives or retains any stolen property, knowing or having reason to believe the property to be stolen property, shall be punished with imprisonment for a term which may extend to 5 years, or with fine, or with both. A person convicted of an offence under this section shall be punished with imprisonment for a term which may extend to 5 years, and shall also be liable to fine.

Section 109 of the Penal Code (Cap 224, 2008 Rev Ed) states:
Whoever abets any offence shall, if the act abetted is committed in consequence of the abetment, and no express provision is made by this Code for the punishment of such abetment, be punished with the punishment provided for the offence.

In detail, the updated charges to the following individuals are below:
 

Name Charge no. Quantity of MGO (MT) Amount (USD) Date
Cai Zhi Zhong

Juandi Bin Pungot

Koh Choon Wei

Muzaffar Ali Khan Bin Muhamad Akram

Tiah Kok Hwee

Fomerly employed by Shell Eastern Petroleum

1 2,807.8 $1,691,057.59 1 to 7 Jan 2018
2 8,481.5 $4,776,486.03 1 to 31 Dec 2017
3 12,128.3 $6,583,138.88 1 to 30 Nov 2017
4 8,595.1 $4,375,418.51 1 to 31 Oct 2017
5 7,789.8 $3,960,317.64 1 to 30 Sep 2017
6 9,531.2 $4,453,676.86 1 to 31 Aug 2017
7 7,320.3 $3,337,872.49 1 to 31 Jul 2017
8 10,004.0 $4,284,950.25 1 to 30 Jun 2017
9 6,354.7 $2,887,786.51 1 to 31 May 2017
10 9,746.6 $4,702,343.27 1 to 30 Apr 2017
11 7,597.2 $3,561,757.92 1 to 31 Mar 2017
12 7,086.9 $3,521,454.80 1 to 28 Feb 2017
13 3,874.4 $1,876,541.73 1 to 31 Jan 2017
14 1,575.8 $734,538.66 1 to 31 Dec 2016
15 5,425.5 $2,301,861.14 1 to 30 Nov 2016
16 4,645.5 $2,115,363.96 1 to 31 Oct 2016
17 5,235.6 $2,118,911.72 1 to 30 Sep 2016
18 3,243.8 $1,281,636.44 1 to 31 Aug 2016
19 6,483.3 $2,616,562.80 1 to 31 Jul 2016
20 7,638.5 $3,311,827.08 1 to 30 Jun 2016
21 4,811.9 $1,965,025.18 1 to 31 May 2016
22 7,797.1 $2,782,824.06 1 to 30 Apr 2016
23 4,077.4 $1,373,382.38 1 to 31 Mar 2016
24 5,515.0 $1,545,841.89 1 to 29 Feb 2016
25 8,211.6 $2,174,952.51 1 to 31 Jan 2016
26 6,093.9 $2,134,558.68 1 to 31 Dec 2015
27 3,701.0 $1,595,347.93 1 to 30 Nov 2015
28 2,557.7 $1,125,497.35 1 to 31 Oct 2015
29 695.2 $306,117.32 1 to 30 Sep 2015
30 1,794.2 $858,593.35 1 to 31 Jul 2015
31 1,245.7 $688,833.33 1 to 30 Jun 2015
32 612.4 $355,481.10 1 to 31 May 2015
33 1,831.6 $985,319.98 1 to 30 April 2015
34 4,020.8 $2,115,277.19 1 to 31 Mar 2015
35 5,818.0 $3,067,602.90 1 to 28 Feb 2015
36 1,720.9 $799,326.95 1 to 31 Jan 2015
37 1,256.6 $721,650.65 1 to 31 Dec 2014
38 571.9 $425,610.02 1 to 31 Oct 2014
39 2,929.9 $2,438,132.93 1 to 30 Sep 2014
40 2,595.0 $2,251,386.00 1 to 31 Aug 2014
         
         
Name Charge no. Quantity of MGO (MT) Amount (USD) Date
Abdul Latif Bin Ibrahim

Mohd Ibrahim S/O K Abdul Majid

Richard Goh

Formerly employed by Shell Eastern Petroleum

1 1,359.20 $816,022.90 5 Jan 2018
2 4,037.20 $2,256,673.68 1 to 31 Dec 2017
3 5,240.40 $2,818,811.16 1 to 30 Nov 2017
4 4,157.20 $2,102,659.21 1 to 31 Oct 2017
5 5,191.70 $2,607,775.56 1 to 30 Sep 2017
6 1,473 $681,056.28 1 to 31 Aug 2017
7 3,733.50 $1,793,590.34 1 to 30 Apr 2017
8 3,850.40 $1,795,903.57 1 to 31 Mar 2017
9 3,403.30 $1,688,963.25 1 to 28 Feb 2017
10 3,695.20 $1,784,818.55 1 to 31 Jan 2017
11 3,724.50 $1,723,352.29 1 to 31 Dec 2016
12 4,631.40 $1,959,012.90 1 to 30 Nov 2016
13 5818.00 $2,639,510.66 1 to 31 Oct 2016
14 5253.60 $2,121,303.45 1 to 30 Sep 2016
15 2174.10 $858,982.17 1 to 31 Aug 2016
16 5235.40 $2,106,666.17 1 to 31 Jul 2016
17 4471.70 $1,936,431,53 1 to 30 Jun 2016
18 5932.60 $2,416,934.72 1 to 31 May 2016
19 3720.40 $1,323,666.88 1 to Apr 2016
20 3828.00 $1,285,085.79 1 to 31 Mar 2016
21 2779.80 $776,343,66 1 to 29 Feb 2016
22 2736.00 $720,018.39 1 to 31 Jan 2016
23 4281.60 $1,485,439.06 1 to 31 Dec 2015
24 4646.10 $1,984,804.43 1 to 30 Nov 2015
25 3101.00 $1,354,454.78 1 to 31 Oct 2015
26 5628.40 $2,444,278.19 1 to 30 Sep 2015
27 4299.10 $1,792,896.66 1 to 31 Aug 2015
28 3427.70 $1,630,145.57 1 to 31 Jul 2015
29 781.30 $430,739.71 1 to 30 Jun 2015
         
         
Name Charge no. Quantity of MGO (MT) Amount (USD) Date
Alan Tan Cheng Chuan

Ng Hock Teck

Dishonestly receive stolen property transferred from Pulau Bukom to the vessel Sentek 26

8 724.10 $308,379.71 14 Jun 2017
9 768.60 $372,331.37 4 Jun 2017
10 577.10 $276,730.99 9 Apr 2017
11 694.70 $324,021.97 18 Mar 2017
12 838.30 $390,999.89 8 Mar 2017
13 768.80 $371,338.09 28 Jan 2017
14 722.40 $348,926.42 20 Jan 2017
15 598.70 $277,009.67 11 Dec 2016
16 736.20 $333,682.65 17 Oct 2016
17 693.10 $279,853.46 23 Sep 2016

Readers who need to refresh their memory can refer to the following links below:

Related: Shell MGO bunker heist update: Fresh charges issued at Singapore court
RelatedShell Singapore oil heist: More charges issued at court
RelatedShell Singapore oil heist: Nine charged offered bail
RelatedSingapore bunker employee faces additional charges
RelatedIntertek Singapore employee among Shell oil heist suspects
RelatedShell Singapore oil heist update: More individuals charged
RelatedShell Singapore oil heist: Shipowner should have conducted a charterer check
RelatedFuel syndicate busted at Singapore Shell Bukom
RelatedShell Singapore oil heist: Breakdown of stolen oil cargoes

Photo credit: Manifold Times
Published: 6 December, 2018
 

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Incident

Vietnam: Two ships seized 30,000 litres of unknown origin diesel oil

Vietnam Coast Guard arrested two ships with the numbers KG 95579 TS and KG 92976 TS about 130 nautical miles south-east of Hon Khoai island in Ca Mau province.

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Vietnam: Two ships seized 30,000 litres of unknown origin diesel oil

The Vietnam Coast Guard on Sunday (26 May) said it arrested two ships with the numbers KG 95579 TS and KG 92976 TS about 130 nautical miles south-east of Hon Khoai island in Ca Mau province.

A patrol boat belonging to the Coast Guard Region 4 Command discovered the ships on 22 May and ordered the vessel to stop for administrative inspections.

An initial investigation found the ships to be transporting about 30,000 litres of diesel oil with no documents proving its legal origin.

Vietnam: Two ships seized 30,000 litres of unknown origin diesel oil

According to the initial testimony of two captains, the oil was bought at sea without invoices and documents proving the legal origin of the diesel oil.

As such, the authorities made a record of administrative violations and escorted the vessels to the port of Squadron 422 port in Phu Quoc city, Kien Giang province, for further investigations and handling in accordance with the law.

 

Photo credit: Vietnam Coast Guard
Published: 30 May, 2024

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Bunker Fuel

Creditors to file proof of debt for Singapore’s collapsed oil firm Hin Leong Trading

Creditors who have not previously filed a proof of debt with the Liquidators in respect of their debts are to file their proof of debt with liquidators by 6 June 2024.

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calculator steve pb from Pixabay

A notice in the Government Gazette was published on Thursday (23 May) by liquidators of Singapore-based defunct oil trading company Hin Leong Trading, which is undergoing compulsory liquidation,  for creditors to file proof of debt against the company.

Creditors who have not previously filed a proof of debt with the Liquidators in respect of their debts are to file their proof of debt with the Liquidators in the prescribed form (Form CWU-1) by 6 June 2024 (the Submission Deadline).

Creditors who do not file a proof of debt by the Submission Deadline will be excluded from the aforementioned interim dividend.

For the avoidance of doubt, creditors who had previously filed a proof of debt with the Liquidators shall not be required to re-file their proof of debt.

Proofs of debt may be submitted to the Liquidators by way of e-mail or by mail at the following address:

Hin Leong Trading (Pte.) Ltd (In Compulsory Liquidation)
c/o the Liquidators
7 Straits View, Marina One
East Tower, Level 12
Singapore 018936
Email: [email protected] 

Any queries in relation to and/or arising out of this Notice should be directed to the liquidators by way of email at [email protected]

Manifold Times previously reported Founder of Hin Leong Trading, Lim Oon Kuin, also known as OK Lim, was convicted on two charges of cheating and one charge of instigating forgery for the purpose of cheating after a trial of over 60 days.

The 82-year-old 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. 

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. The rest of the charges were stood down pending resolution of the trial.

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

Related: Singapore: Lawyers of OK Lim and daughter accuse former PA of lying in her testimony
Related: Former PA to Hin Leong Trading Founder refutes OK Lim’s claim on his role in firm
Related: Founder OK Lim grilled by prosecutors on his involvement at Hin Leong Trading
Related: Singapore: Hin Leong Trading Founder testifies for the first time in his own defence
Related: Singapore: Hin Leong Trading Founder to testify in USD 111.7 mil cheating, forgery case
Related: Singapore: O.K. Lim, children faces liquidators and HSBC in USD 3.5 bil civil lawsuit
Related: Former PA to Hin Leong Trading Founder found lying in CAD investigations
Related: Singapore: Hin Leong Trading Founder goes to trial for cheating, forgery charges
Related: Hin Leong Trading Founder faces additional 105 cheating, forgery charges in court
Related: Ocean Tankers judicial managers progressing to liquidate firm after expiry of court order
Related: Singapore: Hin Leong Trading Director charged with obstructing course of justice
Related: Court of Appeal: Hin Leong, Lim family claim ‘without any factual or legal basis’
Related: Singapore: High Court dismisses UniCredit Bank USD 37 million claim against Glencore over Hin Leong transaction
Related: Singapore: Hin Leong takes Deloitte to court over alleged auditing failures
Related: Hin Leong Trading Founder OK Lim facing 23 new forgery-related charges at State Courts
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
Related: 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: steve pb from Pixabay
Published: 28 May 2024

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Business

Singapore: Annual general meetings scheduled for An Xing Shipping and Xin Guang Shipping

Meetings will be held on 11 and 13 June for An Xing Shipping Pte Ltd and Xin Guang Shipping Pte Ltd respectively to to receive an update on firms’ liquidation.

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RESIZED Drew Beamer

Several notices were published on the Government Gazette on Monday (27 May) regarding the annual general meetings to be held on 11 and 13 June for An Xing Shipping Pte Ltd and Xin Guang Shipping Pte Ltd respectively. 

Annual general meetings for An Xing Shipping are to be held on 11 June at the following times:

For the company: 10am
For the creditors: 11am

Annual general meetings for Xin Guang Shipping are to be held on 13 June at the following times:

For the company: 10am
For the creditors: 11am

The agenda for all the meetings are:

  1. To receive an update on the liquidation.
  2. To receive an account of the Liquidators’ acts and dealings, and of the conduct of the winding up

The following are the details of the liquidator:

Ho May Kee
Liquidator
c/o 8 Marina View
#40-04/05 Asia Square Tower 1
Singapore 018960

 

Photo credit: Drew Beamer
Published: 28 May 2024

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