Singapore’s most serious political graft probe since the 1980s has ensnared a billionaire best known for bringing Formula One racing to the city and who has political ties that go back decades
ingapore’s most serious political graft probe since the 1980s has ensnared a billionaire best known for bringing Formula One racing to the city and who has political ties that go back decades.
It’s the second brush with controversy for Malaysian property tycoon and hotelier Ong Beng Seng, 77, who was issued a notice of arrest in connection withWho is Ong Beng Seng? What’s his net worth? He’s the managing director of Hotel Properties Ltd. and is known for bringing the Formula One night race to Singapore in 2008. Ong is worth about $1 billion, according to the Bloomberg Billionaires index.The businessman was asked by Singapore’s anti-graft bureau about his interactions with Iswaran, according to a stock exchange filing by his Hotel Properties Ltd. on Friday.
Cars race through the city during the F1 Grand Prix of Singapore at Marina Bay Street Circuit on Oct. 2, 2022.Hotel Properties’ interests include Four Seasons Hotels & Resorts in Maldives, Seychelles and Singapore. Hotel Properties also develops luxury condominiums such as
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