Singaporean Billionaire and Property Tycoon Arrested in High-Profile Corruption Probe
Singapore's anti-graft agency has issued an arrest notice for billionaire Ong Beng Seng as part of an investigation involving the country's transport minister, S Iswaran. Ong, the managing director of Hotel Properties Limited, has been asked to provide information on his interactions with Iswaran. No charges have been filed against Ong, and he is fully cooperating with the agency. The company stated that Ong is still suitable to carry out his duties but will reassess his appointment. Iswaran has taken a leave of absence, and Ong was credited with bringing Formula 1 to Singapore.