Already buffeted by ferocious storms from the Covid-19 pandemic, Singapore’s financial landscape was thrown into further disarray in April following a financial scandal at leading oil trader firm Hin Leong Group. Its founder, Lim Oon Kuin, was found to have hidden US$800 million ($1.11 billion) worth of losses, selling inventories to multiple parties and using the same cargo to obtain financing from different banks. 

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