Hin Leong founder OK Lim and children sued by PricewaterhouseCoopers for US$3.5 bil

Pricewaterhouse Coopers Advisory Services (PwC), which is the judicial manager of Hin Leong Trading, has sued Hin Leong founder Lim Oon Kuin (also known as OK Lim) and his two children, Evan Lim Chee Meng and Lim Huey Ching, in a bid to recover US$3.5 billion ($4.75 billion).

According to court documents seen by The Straits Times, PwC is alleging that the trio has committed a breach of fiduciary duties in their roles as directors, as well as fraudulent activities. Among the charges include a further $90 million, which the Lims were said to have paid themselves despite Hin Leong’s insolvency.