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Hin Leong oil tycoon OK Lim, 82, sentenced to 17.5 years' jail

k1976

Alfrescian
Loyal
U a useless dog
Sad doggie
IMG_5024.jpeg
 

CoffeeAhSoh

Alfrescian
Loyal
like that Lim O K
got a much better
deal than Chia Teck Leng

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Chia Teck Leng (谢德龙 Xìe Délóng; born 11 October 1959) is a convicted white-collar criminal from Singapore, who was known for his four-year commercial fraud which involved the swindling of $117 million from four foreign major banks to feed his gambling addiction during his time as a financial manager at Asia Pacific Breweries (APB). Chia's crime was known to be Singapore's worst commercial crime committed in the city-state, surpassing that of Teo Cheng Kiat, who embezzled $35 million from Singapore Airlines for 13 years while he was employed there before his capture and sentencing of 24 years' imprisonment in 2000.[2]

Chia Teck Leng was arrested on 2 September 2003 when the Commercial Affairs Department (CAD) somehow got wind of his fraudulent activities, and he thus faced a possible life sentence when there were 46 fraud-related criminal charges brought against him. Although Chia managed to escape the maximum term of life imprisonment after pleading guilty to 14 proceeded charges in a brief trial, he was nevertheless sentenced to a lengthy 42-year term of imprisonment for his crime, which reportedly became the longest term of imprisonment ever meted out by the courts of Singapore for a commercial crime.[3]
 
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