On 25 June, Oil Price.com reported that Hin Leong Trading has been named in a major $3 billion oil trading scandal, saying that it has emerged that the company had for years forged its records to hide massive holes in its traders’ books amounting to billions of dollars. Hin Leong Trading (Pte) Ltd is a closely held firm owned by billionaire founder Lim Oon Kuin. A 2-month investigation by court-appointed independent administrators has revealed convoluted accounting that allowed the distressed firm to overstate its assets for years.
https://oilprice.com/Energy/Crude-Oil/Inside-Singapores-3-Billion-Oil-Trading-Scandal.html
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