Major bank sues Lim family for alleged fraud in Hin Leong

The Lim family is now being sued by its biggest creditor, banking major HSBC, for USD 85 million.

Photo: Vivek Prakash/Reuters/Ritzau Scanpix

Banking major HSBC sues the Lim family for USD 85.3 million for alleged fraud in scandal-stricken bunker company Hin Leong, writes Straits Times.

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Major bank sues Lim family for alleged fraud in Hin Leong

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Singapore to tighten up with new financial code of conduct in the wake of oil scandals

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Front page now

Multiple arrests as protestors block entrance to Maersk HQ

Maritime & Merchant notes fierce competition in loans for shipping

Liner companies pay soaring sums for charter deals

Maersk Supply Service aims to quadruple profits

Norwegian car carriers bag multi-year contracts

Packed container ships trigger surge in air freight demand

Record influx of container ships this year will not cause trouble until 2025

Shipbroker BRS appoints Gilbert Walter as chairman

Spot prices for container freight continue to rise

IMO's fossil fuel ban in the Arctic faces criticism

Cosco and CMA CGM expect further pressure on major European ports

Kuehne+Nagel triggers unrest among staff with new management structure

Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Multiple arrests as protestors block entrance to Maersk HQ

Maersk Supply Service aims to quadruple profits

Spot prices for container freight continue to rise

Liner companies pay soaring sums for charter deals

MSC urges liner companies to invest in more ships despite fears of oversupply

Jobs