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What to know about the hotel billionaire ensnared in Singapore's graft probe

Bloomberg
Bloomberg • 4 min read
What to know about the hotel billionaire ensnared in Singapore's graft probe
Tycoon Ong Beng Seng. Photo: Bloomberg
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Singapore’s most serious political graft probe since the 1980s has ensnared a billionaire best known for bringing Formula One racing to the city and who has political ties that go back decades.

Malaysian property tycoon and hotelier Ong Beng Seng, 77, and Transport Minister S. Iswaran were arrested on July 11 and released on bail, the anti-graft agency said late Friday. The case is the most serious linked to a senior politician in 37 years.

Who is Ong Beng Seng? What’s his net worth?

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