Reported 8 days ago
Singapore's High Court has approved a settlement wherein former oil tycoon Lim Oon Kuin will pay $3.59 billion to liquidators and creditor HSBC Holdings, concluding long-standing civil cases against him and his family. Despite not admitting liability, the agreement addresses liabilities stemming from the collapse of Lim's oil trading firm, Hin Leong Trading Pte. His legal troubles persist as he awaits sentencing for separate criminal offenses.
Source: YAHOO