{"id":433502,"date":"2026-05-20T16:19:59","date_gmt":"2026-05-20T06:19:59","guid":{"rendered":"https:\/\/australianaviation.com.au\/?p=1433605"},"modified":"2026-05-20T16:19:59","modified_gmt":"2026-05-20T06:19:59","slug":"lim-kim-hai-caves-to-asic-and-admits-wrongdoing-in-rex-lawsuit","status":"publish","type":"post","link":"https:\/\/www.vibewire.com.au\/?p=433502","title":{"rendered":"Lim Kim Hai caves to ASIC and admits wrongdoing in Rex lawsuit"},"content":{"rendered":"<p><img width=\"640\" height=\"360\" src=\"data:image\/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSI2NDAiIGhlaWdodD0iMzYwIj48cmVjdCB3aWR0aD0iMTAwJSIgaGVpZ2h0PSIxMDAlIj48YW5pbWF0ZSBhdHRyaWJ1dGVOYW1lPSJmaWxsIiB2YWx1ZXM9InJnYmEoMTUzLDE1MywxNTMsMC41KTtyZ2JhKDE1MywxNTMsMTUzLDAuMSk7cmdiYSgxNTMsMTUzLDE1MywwLjUpIiBkdXI9IjJzIiByZXBlYXRDb3VudD0iaW5kZWZpbml0ZSIgLz48L3JlY3Q+PC9zdmc+\" class=\"attachment-large size-large wp-post-image wp-image-1395114 wp-post-1433605\" alt=\"\" style=\"float:left; margin:0 15px 15px 0;\" decoding=\"async\" fetchpriority=\"high\" data-public-id=\"Australian Aviation\/VJP_6086wm_y288j0\/VJP_6086wm_y288j0.jpg\" data-format=\"jpg\" data-transformations=\"c_fill,w_1200\/f_auto\" data-version=\"1726470994\" data-seo=\"1\" data-responsive=\"1\" data-size=\"640 360\" data-delivery=\"upload\" onload=\";window.CLDBind?CLDBind(this):null;\" data-cloudinary=\"lazy\" \/>In an unexpected turnaround, Lim \u2013 who, along with three fellow former Rex directors, had denied ASIC\u2019s claims surrounding a statement released to the ASX in February 2023 \u2013 gave up the fight on Wednesday and agreed to accept penalties.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In an unexpected turnaround, Lim \u2013 who, along with three fellow former Rex directors, had denied ASIC\u2019s claims surrounding a statement released to the ASX in February 2023 \u2013 gave up the fight on Wednesday and agreed to accept penalties.<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[476,273,312,471],"tags":[472],"class_list":["post-433502","post","type-post","status-publish","format-standard","hentry","category-airlines","category-australia","category-aviation","category-news","tag-australian"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/posts\/433502","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=433502"}],"version-history":[{"count":1,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/posts\/433502\/revisions"}],"predecessor-version":[{"id":433506,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/posts\/433502\/revisions\/433506"}],"wp:attachment":[{"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=433502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=433502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=433502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}