US EditionSingapore property tycoon linked to jailed minister pleads guilty
SINGAPORE, AUG 4 – Ong Beng Seng admitted to aiding former minister S. Iswaran in obstructing justice and providing gifts worth over S$400,000 linked to the Singapore Formula 1 night race.
- On Aug 4, 2025, Property tycoon Ong Beng Seng pleaded guilty at the State Courts to abetting the obstruction of justice involving Transport Minister S Iswaran.
- The Doha trip on December 10, 2022, sparked a CPIB investigation that led to arrests in July 2023, involving Ong Beng Seng and Subramaniam Iswaran.
- In May 2023, Ong Beng Seng admitted instructing Singapore GP director Mok Chee Liang to bill Iswaran for a trip valued at S$20,850, with gifts exceeding S$403,000.
- Following the guilty plea, HPL shares tumbled S$0.07 or 1.3% to S$5.39 before recovering to S$5.44, down S$0.02 on Aug 4, 2025.
- Observers warn this verdict could reshape anti-corruption norms in Southeast Asia and stress that corruption erodes investor confidence, highlighting broader regional implications.
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Tycoon Ong Beng Seng Pleads Guilty In Singapore Corruption Case Involving Ex-Minister
The charges are related to flights, a hotel stay in Doha and Formula One tickets that former Transport Minister S.Iswaran had received when he headed the Singapore Formula One night race steering committee.
·United States
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Singapore property tycoon linked to jailed minister pleads guilty
SINGAPORE (Reuters) -Property tycoon Ong Beng Seng pleaded guilty to one charge of obstructing justice on Monday in a landmark corruption case that led to the jailing of former transport minister S. Iswaran last year. Read full story
·Malaysia
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Total News Sources58
Leaning Left3Leaning Right10Center11Last UpdatedBias Distribution46% Center
Bias Distribution
- 46% of the sources are Center
46% Center
13%
C 46%
R 42%
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