Singapore’s preparations for this year’s Formula One Grand Prix are at an advanced stage and the race will continue as planned, Minister for Trade and Industry Gan Kim Yong said in a written response Thursday.
Gan was responding to a parliamentary question on whether the arrest of Hotel Properties Ltd.’s managing director Ong Beng Seng will have any material impact on the Sept 15-17 race. The businessman’s Singapore GP Pte owns the rights to the event.
Officials have yet to spell out the scope of the ongoing investigation by the country’s anti-graft agency, in which Transport Minister S. Iswaran was also arrested.
