Oil tycoon sentenced to almost 18 years for fraud

By Agence France-Presse

Nov 19, 2024 12:12 am

SINGAPORE — The founder of a failed Singapore oil trading company was sentenced Monday to nearly 18 years in jail for cheating banking giant HSBC out of millions of dollars in one of the country's most serious cases of fraud.

Lim Oon Kuin, 82, better known as OK Lim, was convicted in May in a case that dented the city-state's reputation as a top Asian oil trading hub.

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