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International Business Times
International Business Times
Business

Tycoon Who Brought F1 To Singapore Pleads Guilty In Graft Case

S Iswaran Ong Beng Seng Singapore Corruption Malaysia
Malaysian hotel tycoon Ong Beng Seng (C) leaves the State Court in Singapore, in a rare corruption case in the city-state (Credit: AFP)

A Malaysian hotel tycoon who helped bring Formula One to Singapore pleaded guilty Monday to abetting the obstruction of justice, in a rare corruption case in the city-state that saw a former transport minister jailed last year.

Singapore-based billionaire Ong Beng Seng, 79, was charged in October last year with helping former transport minister S. Iswaran cover up evidence in a graft investigation.

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