SINGAPORE - An online article in which billionaire Lim Oon Kuin - Forbes' 18th richest person in Singapore - seemingly promotes the benefits of cryptocurrency in an interview is fake, said his oil trading and shipping company Hin Leong Group on Tuesday .
Facebook told The Straits Times on Tuesday that it has removed the advertisements promoting the fabricated articles and disabled their associated accounts and pages on the social media platform. "Mr Lim Oon Kuin does not condone any of the alleged statements and representations set out in the article which are attributed to him," Hin Leong's spokesman told ST.
"It's important to us that ads on Facebook are useful to people and not used for promoting deceptive or scammy behaviour," said its spokesman.