“But as members would appreciate given the allegations of corruption, we are reviewing the terms of the deal again,” she said, referring to the contract between the Singapore Tourism Board and Singapore GP Private to organize the F1 night race in the city-state.
Singapore will review the terms of its F1 Grand Prix deal and will audit a previous race following a corruption probe involving former Transport Minister S. Iswaran, a ruling party lawmaker said on Monday.
Minister-in-charge of Trade Relations Grace Fu told in parliament that “there is nothing to suggest as of now” that either the F1 contracts or other contracts were structured in a way they would disadvantage the government.
