On May 11, 2007, billionaire hotelier Ong Beng Seng attended a press conference in Singapore.
SINGAPORE – Singapore on Friday filed two charges of obstruction of justice and abetting against property billionaire Ong Ming Seng. According to local media reportsin a case involving a former government minister.
Ong is a Malaysian businessman living in Singapore and the managing director of a listed hotel owner and operator in Singapore. Hotel Real Estate Co., Ltd..
In July, Singapore's anti-graft agency issued an arrest notice against Ong as part of an investigation involving former Transport Minister S Iswaran. Ong was asked to provide information about his interactions with Iswaran.
On Thursday, Iswaran was sentenced to 12 months in prison after pleading guilty to receiving gifts worth more than $300,000 and perverting the course of justice.
HPL’s product portfolio It includes 38 hotels and resorts in 15 countries under brands including Four Seasons, InterContinental and Marriott International.
HPL said at the time of his arrest that Ong “remains fit and proper to discharge his duties and responsibilities as managing director” but would continue to monitor the matter and “reevaluate the appropriateness of Mr Ong's continued appointment”.
HPL's shares were suspended ahead of a court hearing on Friday.
Ong brought Formula One racing to Singapore in 2008. rights protected Hosting the Singapore Grand Prix until 2028.
The Singapore Tourism Board estimates that since it was first held in 2008, the event has generated more than S$1.5 billion (US$1.13 billion) in incremental tourism revenue and attracted more than 550,000 unique international visitors.