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The scandal from formula 1: Singapore billionaire admits corruption

August 4, 2025

The scandal from formula 1: Singapore billionaire admits corruption

Ong Beng Seng, one of Singapore's leading entrepreneurs, admitted that he was trying to prevent corruption investigation by giving expensive gifts to the former Minister of Transport.

A billionaire hotel in Singapore agreed with the allegations of the corruption scandal that shook the country last year.

Ong Beng Seng confessed that former Transport Minister Serramaniam Iswaran encouraged to cover justice by helping to cover evidence during the corruption investigation. Ong against Iswaran's accusation for Grand Prix Formula 1 ticket and expensive gifts like traveling.

They cannot escape without paying the state

In Singapore, ministers cannot store gifts unless they pay the market value of gifts to the State and must declare everything they receive from people who have a business relationship.

Last October, Iswaran's punishment was announced, the court heard that Iswaran asked Ong Pad to let Desta come to a business flight ticket after learning that Iswaran was under investigation. The judge said that Iswaran was an intentional and expected way to stop the investigation.

Today, Ong has passed Iswaran's crimes that he helped Singapore Grand Prix pay for air tickets from Doha to Singapore.

Penalties for Cong Ly obstacles are 7 years

The judge said that the punishment of the bee will be held on August 15. The bee may be convicted up to 2 years in prison for helping a public official to receive gifts, while the highest prisoner to help prevent justice of justice.

79 -Year -old Ong is also accused of helping Iswaran get a trip to Doha for all costs. The value of this trip is about $ 20,000 850 (US $ 16,000).

Two men were arrested in July 2023 and the indictment appeared with Iswaran air tickets, hotel accommodation, music tickets and Grand Prix worth 403 thousand dollars Singapore (US $ 311 thousand 882).

When crimes were committed, Iswaran was in the Government's F1 orientation committee and was the main negotiation on trade issues related to F1. Ong helped F1 Grand Prix to Singapore.

The highest salary delegates in the world

Singapore's deputy police deputy is one of the highest salary delegates in the world, and the leaders think these high salaries are necessary to fight corruption.

Born in Malaysia in 1946, bee moved to Singapore as a child and established a real estate hotel and company in the 1980s. Ong, a rare bone marrow cancer patient and the court was previously allowed to travel abroad for medical and business purposes.

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