Singapore Still Dealing with Hin Leong Fallout
Two years after news of the Hin Leong Trading debacle surfaced and fraud in the commodity trading sector came to light, repercussions are still being felt.
SINGAPORE: Two years after news of the Hin Leong Trading debacle surfaced and fraud in the commodity trading sector came to light, repercussions are still being felt and unfolding. Of the spate of cases relating to oil trade, many are still awaiting hearings.
In other legal developments in Singapore, a beneficiary sued an issuing bank for not paying because of a sanction. On first hearing, the bank won but the beneficiary is now appealing to the higher court.
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