WATCH: Who is Ong Beng Seng, the billionaire involved in CPIB's Iswaran probe? He gained a high profile for bringing the F1 Grand Prix to Singapore, but the 77-year-old and his wife also have stakes in a range of businesses from hotels to luxury fashion.
has been arrested in relation to anti-corruption investigations involving Transport Minister S Iswaran.
This is not Mr Ong's first brush with political controversy. His name cropped up in the 1990s in relation to discounts given to the late Lee Kuan Yew when he was Senior Minister and some members of his family for apartment units at Nassim Jade and Scotts 28, both condominiums that he developed.Born in Malaysia, Mr Ong moved to Singapore with his family when he was a child. The alumnus of Anglo-Chinese School worked as an insurance broker before marrying hotelier Christina Fu in 1972.
Besides property, the company also dabbles in the entertainment and lifestyle industries. HPL affiliate, concert promoter Lushington Entertainments, has organised performances in Singapore by high-profile international artistes such as the late Michael Jackson and Green Day. The article noted that Mr Ong had had business ties with Mr Iswaran since when the latter was a managing director at Temasek from 2003 to 2006.
"Over the past decade, we have developed a strong partnership with Mr Ong Beng Seng and his team at Singapore GP, as well as Mr Bernie Ecclestone and Formula 1, to continually enhance the Singapore race and sustain its tourism appeal and economic value," said Mr Iswaran.the F1 Grand Prix to Singapore last year, following a two-year hiatus due to the Covid-19 pandemic.
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CPIB: Hotelier Ong Beng Seng to provide information in Minister Iswaran probe - Singapore NewsIn an announcement to the Singapore Exchange at 7.30 am on Jul 14, Hotel Property Limited said that CPIB had requested its managing director Ong Beng Seng to provide information in relation to his interactions with Minister Iswaran
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Billionaire property tycoon Ong Beng Seng issued notice of arrest over CPIB probe involving IswaranThe 77-year-old managing director of Hotel Properties Limited (HPL) will surrender his passport to the anti-graft agency upon his return to Singapore.
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Billionaire property tycoon Ong Beng Seng issued notice of arrest over CPIB probe involving IswaranThe 77-year-old managing director of Hotel Properties Limited (HPL) will surrender his passport to the anti-graft agency upon his return to Singapore.
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HPL shares tumble with MD Ong Beng Seng caught up in CPIB probe involving IswaranThe counter, which is thinly traded, saw 174,000 shares trading hands. Read more at straitstimes.com.
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Hotelier Ong Beng Seng issued notice of arrest, out on bail for Iswaran-linked CPIB probeSINGAPORE – Hotelier Ong Beng Seng has been issued a notice of arrest by the Corrupt Practices Investigation Bureau (CPIB) and is cooperating with the anti-graft body to provide information in relation to his interactions with Transport Minister S. Iswaran. Hotel Properties Limited said in a statement to the Singapore Exchange at 7.30am on Friday that no charges have been...
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Ong Beng Seng, Iswaran and Formula One Singapore Grand Prix - Singapore NewsHe was questioned by the Corrupt Practices Investigation Board (CPIB) about his interactions with Singapore Transport Minister S Iswaran, who is also under investigation.
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