SINGAPORE, April 10 -- Singaporean lawyer and Opposition politician Lim Tean has denied reports that he has been declared bankrupt and said he plans to sue two Singapore-based news outlets for defamation.

Lim said he is "not a bankrupt" and accused both CNA and Mothership of publishing "highly defamatory" articles stating otherwise.

"They sought my comment and I clarified the situation, but I note they went ahead to publish the article with the malicious intent to defame me and cause me harm, despite my clarification," Lim said in a Facebook statement last night.

"I warned them that I would sue," he added, saying he had already settled with the petitioning creditor and that "the order of court was never extracted".

The dispute comes a...