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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

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.

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