The founding family of Ocean Tankers and collapsed oil trader Hin Leong Trading have seen their spending capped at SGD 10,000 ($7,500) per week by the High Court of Singapore.
The move is part of an order that also freezes as much as $3.5bn of their assets around the world, Bloomberg reported.
Lim Oon Kuin and his two children can also spend “a reasonable sum” on legal advice, as well as other representations, on top of these weekly living expenses, according to recently filed court orders.
