ShippingWatch

A part ofWatch Medier

Hin Leong founder denies accusations of falsified documents

Hin Leong founder rejects major bank HSBC's accusations of falsified documents. According to the founder, the documents were issued by mistake, reports Bloomberg. HSBC has sued the founder and his family for more than USD 80 million.

Photo: Edgar Su/Reuters/Ritzau Scanpix
BY
Published:

O.K. Lim, the founder of Hin Leong, rejects accusations that he falsified documents to achieve financing from major bank HSBC, reports Bloomberg.

HSBC is suing Lim, his children and an employee at Hin Leong Trading for USD 85.3 million. The sum covers financing HSBC provided for Hin Leong but which the major bank claims was awarded on the basis of falsified documents.

Read this article for free

Register with your E-mail.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

Related articles

Latest news

  1. DNB after leaked backup plan on Borr Drilling: Rescue plan is still the primary goal
  2. Outgoing chief exec of Wallem Group criticizes charterers in coal conflict near China
  3. OOCL's earnings soar on strong container market
  4. Analyst expects strain on earnings for Frontline, Hunter and Nordic American Tankers
  5. China considers measures to increase capacity and stabilize container rates
  6. Maersk calls for increased military protection in piracy-plagued Gulf of Guinea
  7. Seadrill company decides not to make interest rate payment
  8. Blystad's OHT opens in Denmark with former Maersk, Deme and Ørsted people
  9. Fuel trade almost halved in Asia in 2020
  10. Odfjell raises millions of dollars through sustainable bonds
  11. Maersk ship attempted boarded by pirates in Gulf of Guinea
  12. Danish Shipping hopes for special agreement to allow shipbreaking in India
  13. OSM Maritime on new corona restrictions: We are close to the situation seen in the spring
  14. Shell climbs to the top as the biggest bunker supplier in Singapore
  15. Neon leaves Denmark after remarkable entry that led competing marine insurer to shut down
  16. Interpol searching for captain and shipowner after huge explosion in Beirut
  17. Flexport: Red hot container market calls for 500,000 new containers
  18. Oldendorff, Golden Ocean and Star Bulk still have ships waiting off China: "Completely unprecedented"
  19. Robert Uggla calls for moderation in Maersk boom: "Container shipping is a cyclical industry"
  20. DFDS upgrades its 2020 guidance for the third time

See all

Jobs

See all

See all