Lim faces 130 criminal charges involving US$2.7 billion in alleged fraudulent loans disbursed.
SINGAPORE – The blame game continued on the final day of a 62-day criminal trial of Hin Leong founder Lim Oon Kuin.
“We have shown Lim to be completely unworthy as a witness and the three charges have been proven beyond reasonable doubt, and should be convicted on the three charges.”The former oil tycoon was charged with cheating HSBC by representing to the bank, through Hin Leong’s employees, that the company had entered into two contracts for the sale of oil with China Aviation Oil , or CAO, and Unipec Singapore, which the prosecution said were “complete fabrications, concocted on directions”.
But in May 2023, Mr Tan changed his position and testified in court that Madam Seng had given him these instructions after supposedly recalling her involvement after having “thought deeper”. This defies belief, Mr Ong said, because Mr Tan “could not provide any details about these belated recollections, or how he arrived at them... and could not identify which documents, or what about them, had prompted these sudden memories”.
But later, when asked by the judge why Tan would “have back and then change his evidence in court,” Mr Singh replied: “Why would Freddy come to court knowing that he had said something different earlier, unless it dawned on him that on the stand, the consequences of perjury are very serious?” Mr Singh challenged the assertion that Lim played a central role in relation to actions in this matter.
But Mr Singh challenged this, saying Madam Seng “gave evidence that she hopes the court will be merciful when the time comes. In other words, she had a motive. She was hoping that if she was the one who said this, she might be able to get some credit for it”.
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