Arrest warrant issued for Singapore Grand Prix promoter

Singaporean businessman Ong Beng Seng, the promoter of the Singapore Grand Prix, has been issued an arrest warrant by local authorities.

The order was issued as part of a corruption investigation into the activities of the country’s Transport Minister S. Iswaran, who also took an active part in the organization of the Singapore Grand Prix. However, at the moment there are no indications that the investigation may be related to the round of Formula 1. Local media are calling the investigation one of the most serious corruption cases in decades.

A statement from the board of directors of Hotel Properties Limited, owned by Ong Beng Seng, said that “Corrupt Practices Investigation Bureau (CPIB) has asked him to provide information regarding interactions with Minister S. Iswaran.

Mr. Ong has not been charged and is cooperating with the Bureau by providing all requested information. As the investigation continues, we cannot provide further details.”

The businessman is now out of Singapore but must surrender his passport upon returning to the country and pay S$100,000 ($76,000) as security to remain at large during the investigation.

The current contract for the Singapore Grand Prix runs until 2028.

Source: F1 News

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