What to Know About the Hotel Billionaire Ensnared in Singapore’s Graft Probe
- Property tycoon Ong, Minister Iswaran arrested, out on bail
- Ong, Iswaran widely credited for bringing F1 to Singapore
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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.
Malaysian property tycoon and hotelier Ong Beng Seng, 77, and Transport Minister S. Iswaran were arrested Jul. 11 and released on bail, the anti-graft agency said late Friday. The case is the most serious linked to a senior politician in 37 years.