3 Aug 2007

Taiwanese charged in Vanatu over scam bank's alleged theft in the 90s

12:18 pm on 3 August 2007

A Taiwanese man has been charged with theft in Vanuatu in connection to an alleged scam bank he set up in the country in the mid-1990s.

Oliver Lim opened a short-lived commercial bank called Olilian Bank in Vanuatu around 1994, before allegedly disappearing with around ten million vatu of people's savings.

He was arrested by Vanuatu police this week following his reappearance in the country.

Charged with theft in connection to the missing savings, Oliver Lim has been released on bail and is due to reappear in the Magistrate's Court on August 16th.