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 insurance policies are held in trust solely for her benefit by her father, Lim Chee Meng, who was declared bankrupt in December 2024, according to The Business Times.
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Lim Oon Kuin, popularly known as O.K. Lim, speaks during an interview in 2013. Photo by Reuters |
The policies are among eight AIA insurance policies the father took out when Michelle was a…
