The rights owner to Formula 1’s Singapore Grand Prix has been charged in connection with a major corruption case surrounding the country's former transport minister.
S. Iswaran was jailed for a year on Thursday after being found guilty of receiving gifts while in office.
The owner of the rights to the race in Singapore’s Marina Bay, Ong Beng Seng, has now been charged having been accused of giving alleged kickbacks to Iswaran – who announced his resignation earlier in the year.
It is claimed by prosecutors that Ong, the 78-year-old Malaysian based in Singapore, gave Iswaran tickets to the F1 race, Premier League matches and a ride on a private jet – with the gifts totalling more than $300,000.
Ong has not entered a plea but his company, Hotel Properties Ltd – which includes brands such as the Four Seasons - asked for a trading halt on Friday.
Ong, who also has a stake in Mulberry - was arrested by Singapore’s Corrupt Practices Investigation Bureau (CPIB) in July 2023 and the Attorney General’s Chambers confirmed on Friday he has been charged under Section 165, in relation to the abetting of Iswaran receiving gifts as well as an additional charge of obstruction of justice.
Iswaran’s role of transport minister meant he dealt with Ong’s Singapore GP Pte, which promotes the grand prix, as an advisor but the state revealed earlier in the year that the 2024 race would proceed as normal despite the allegations.
Against the backdrop of the ongoing scandal, Singapore hosted the 2024 race last month as McLaren’s Lando Norris took a dominant victory at Marina Bay.
F1 returned to Singapore in 2008 as the first night race to ever be staged in the series, running through to 2019 until a two-year hiatus due to COVID.
Singapore’s current contract with F1 is in place until 2028 after an extension to the deal was announced two years ago.
