Hin leong trading scandal
Web24 giu 2024 · Hin Leong, one of Asia's largest oil traders, was wound up in March after failing to restructure some $4 billion in debt following a crash in the oil price during the … Web19 ago 2024 · As the first signs emerge of enforcement action linked to disgraced Singapore oil trader Hin Leong, court documents have revealed the extent to which the company …
Hin leong trading scandal
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Web20 apr 2024 · Singapore oil trader Hin Leong Trading hid about US$800 million in losses racked up in futures trading, suggesting a much bigger hole in its finances than thought. Web30 apr 2024 · SINGAPORE - After three no-shows in State Courts to face 23 new charges of forgery-related offences, Hin Leong Trading founder Lim Oon Kuin finally showed up on Friday morning (April 30) in a ...
Web6 ott 2024 · Italy's UniCredit SpA CRDI.MI has sued Hin Leong and Glencore GLEN.L over a letter of credit, one of several the Singapore oil trader sought from lenders for oil … Web11 apr 2024 · The price of Bitcoin has risen above $30,000 for the first time since June 2024, marking a major comeback for the cryptocurrency. The latest rise in value takes Bitcoin’s total gains in 2024 to more than $14,000, representing an 85 per cent price increase since the start of the year. Other leading cryptocurrencies have also seen …
Web30 apr 2024 · SINGAPORE, April 8 (Reuters) - A Singapore prosecutor filed 23 additional forgery-related charges on Friday against Lim Oon Kuin, the founder of collapsed oil … Web7 dic 2024 · Ocean Bunkering was the marine fuels unit of Hin Leong Trading. The company was listed as Singapore's largest bunker supplier by volume in 2024, and its third-largest in 2024. Legal cases against Hin Leong founder OK Lim and his family over alleged fraud at his company are still progressing through the courts. Ship & Bunker News Team.
Web24 giu 2024 · 35 of these charges relate to Lim Oon Kuin allegedly deceiving eight financial institutions into providing accounts receivable financing, amounting to about US$1.2 billion, to Hin Leong on the basis that Hin Leong had loaded oil onto particular vessels pursuant to contracts for the sale of oil by Hin Leong to BP Singapore Pte Ltd (“BP”) and Unipec …
Web18 mag 2024 · As the dust settles following its phone call with its bankers about a debt moratorium, it revealed the scale of the scandal to the disbelief of many trade bankers in the industry. Hin Leong racked up US$3.6b of debt owed collectively to 23 banks, with more than US$598m owed to its largest lender HSBC. earth hour activities for officeearth hour activities 2021Web24 giu 2024 · On 24 June 2024, Lim Oon Kuin, founder of Hin Leong Trading (Pte) Ltd (“Hin Leong”), was charged in court with an additional 105 charges for the offences of … earth hour activities for schoolsWeb20 mag 2024 · Following the fallout from Hin Leong’s collapse, another oil trading company ZenRock Commodities Trading Pte Ltd. was raided by Singapore police last Friday (May … earth hour 39Web29 dic 2024 · Banks tried to recover loans from Lim’s company, Hin Leong Trading Pte, triggering one of the biggest scandals in the oil industry this century. Lim’s empire collapsed, owing $3.5 billion to ... earth hour articleWeb2 ott 2024 · Hin Leong’s bankruptcy filing, on April 17, marked one of the world’s largest collapses of an oil trading firm. The story of the Singaporean company and its founder, Oon Kuin Lim, is inextricably linked with the history of the petroleum trade in … earth hour activities for childrenWeb8 mar 2024 · Once one of Asia's top oil traders, Hin Leong collapsed last year after the oil price plunge triggered a default that exposed years of hidden losses and alleged fraud by … earth hour activities for kids