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Founder of Singapore oil trading firm convicted in cheating case- media

SINGAPORE, May 10 (Reuters) - The founder of collapsed oil trading firm Hin Leong Trading Pte Ltd was convicted by a Singapore court on Friday of cheating global bank HSBC and abetting forgery, local media reported.

The former tycoon Lim Oon Kuin, known as O.K. Lim, was convicted on three charges, local media said, in a case involving $111.7 million that was disbursed by the bank in March 2020 as payment for two oil sales contracts that prosecutors said were fabricated.

Lim, 82, who remains out on bail, will return to court for sentencing in October, media outlet CNA reported. (Reporting by Tony Munroe Editing by Mark Potter)