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International Business Times

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AFP News

Disgraced Singapore Oil Tycoon Sentenced To Nearly 18 Years For Fraud

Oil Singapore HSBC

Former oil tycoon Lim Oon Kuin arrives to be sentenced at the State Court in Singapore (Credit: AFP)

The founder of a failed Singapore oil trading company was sentenced Monday to nearly 18 years in jail for cheating banking giant HSBC out of millions of dollars in one of the country's most serious cases of fraud.

Lim Oon Kuin, 82, better known as O.K. Lim, was convicted in May in a case that dented the city-state's reputation as a top Asian oil trading hub.

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