周五申請破產的新加坡興隆太子稱有8億美元虧損是父親所隱瞞。
“I understand from my father that he gave instructions to the finance department to prepare the accounts without showing the losses and told them he would be responsible if anything went wrong. I signed off on HLT’s financial statements on the instructions of my father,” Mr Lim said in an affidavit.
“As a result, there is a large shortfall of inventory as compared to the quantum of inventory which has been secured in favour of the bank lenders who had provided inventory financing. I was not involved in the decisions to effect the disposals, which were made by my father.”
The company has debts of $3.85bn. HSBC has the biggest exposure at $600m, followed by ABN Amro at $300m, while Société Générale has lent the company $240m. Singaporean banks three local banks — DBS Group, OCBC Bank and United Overseas Bank — have exposure of $680m.
