How Covid-19 exposed hidden losses, lies to banks: Inside the collapse of one of Asia's biggest oil traders, Hin Leong

Loading player...
Hin Leong was one of the most powerful and secretive names in Asia’s oil trading industry. But an epic gamble by its founder Lim Oon Kuin left the Singaporean company badly exposed, eventually leading to its collapse. Listen to this fascinating story of how one of the world’s biggest oil traders collapsed as the Covid-19 pandemic exposed hidden losses and lies to major banks. This report was brought to you by BizNews partners at Bloomberg. For more analysis on the world’s big business stories, visit BizNews.com. #oil #trading # Learn more about your ad choices. Visit megaphone.fm/adchoices
20 Feb 2021 1AM English South Africa Investing · Business News

Other recent episodes

Fighting to save South Africa’s moral compass: Unashamedly Ethical's Gary Power

Gary Power lifts the lid on corruption, ethical collapse, and the fight to rebuild South Africa from the ground up. In this powerful conversation, the CEO of Unashamedly Ethical shares how his father transformed a major construction business, why integrity is a survival strategy, and how collective action, faith, and…
14 May 6AM 28 min

‘It looked completely real’: Another victim speaks out on alleged FXSI deepfake scam

Another victim has come forward to share her experience of allegedly being scammed by FXSI, a company accused of using sophisticated online tactics and deepfake-style advertising to lure victims into fraudulent investments. In this follow-up interview with BizNews, the victim explains how she first encountered the scheme through social media…
14 May 7AM 19 min

BN Daybreak - Thu 14 May 2026: Trump’s China summit; Viljoen vs. Heystek investment challenge; FXSI scam continues

In today's BizNews Daybreak, we feature President Trump’s high-stakes Beijing summit alongside tech titans Elon Musk and Jensen Huang. We show also analyses a sharp spike in US wholesale inflation and Cisco's major AI-driven restructuring. Piet Viljoen and Magnus Heystek discusses their million-rand investment challenge and South Africa's surprising market…
14 May 12AM 15 min