Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2020
HSBC sues over alleged Hin Leong fraud
Lawsuit filed
In a reported controversy involving Hin Leong, HSBC filed a lawsuit against the Lim family and an employee of the company. The bank seeks to recover $85.3 million that it alleges was obtained through forged documents. The matter is presented as an allegation rather than an established determination; the report does not state that the claims have been proven or adjudicated. The event concerns a legal action brought by HSBC over the alleged use of forged documents to obtain the funds, with the Lim family and one Hin Leong employee named as defendants in the suit.
HSBC is suing the Lim family and an employee of Hin Leong, seeking to recover $85.3 million that it alleges was obtained with forged documents. The allegations are reported as allegations, not as an established determination.
Source excerpt
HSBC is seeking to recover $85.3 million that they allege was obtained with forged documents.
a March 5 lawsuit filed with the High Court of Singapore alleges. “Deloitte acted in breach of the terms of its engagement with the plaintiff.”
A failed oil trader in Singapore that owes creditors more than $3.5 billion is suing Deloitte & Touche LLP, alleging the auditing firm failed to detect “serious irregularities” in its financial statements for more than a decade.