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US$3.6 billion payout to HSBC, liquidators ends OK Lim’s civil cases in Singapore

The Lims didn’t admit liability and will pay the sum with interest and costs in the consent judgments agreed in court proceedings on Monday.

The twist of events is an ignominious end to the elder Lim’s trading career. He had grown Hin Leong, which he founded in 1973, into the finance hub’s once-largest independent oil trader with interests spanning bunkering to storage businesses.

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