MTI’s statement follows former Transport Minister S Iswaran’s first appearance in court that same day. Iswaran, represented by Senior Counsel Davinder Singh, pleaded not guilty to all 27 charges brought against him.
The Ministry for Trade and Industry (MTI) says there is “nothing to suggest” that the F1 Singapore Grand Prix or other agreements were designed to put the government at a disadvantage, after corruption charges were brought against former Transport Minister S Iswaran on Jan 18.
“The terms of all the agreements were considered carefully by the government,” reads MTI’s statement. “There was an independent consultancy study. There is nothing to suggest as of now that either the F1 contracts or other contracts were structured to the disadvantage of the government.”
