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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.

In the lawsuit, HSBC claims that the Lim family forged paper work to obtain a loan and therefore demands USD 85.3 million from the family, show court documents, according to Straits Times.

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