Granddaughter of Singapore disgraced oil tycoon OK Lim fails to block creditor’s access to $400,000 insurance polices

Michelle Lim, granddaughter of disgraced Singapore oil tycoon Lim Oon Kuin (O.K. Lim), has failed to convince the court that three insurance policies under her name, valued at SGD521,000 (US$409,000), should be excluded from her father’s bankruptcy estate. High Court Judicial Commissioner Mohamed Faizal has rejected Michelle Lim’s application for a declaration that the three…