Singapore-based property tycoon Ong Beng Seng, the man responsible for bringing Formula 1 to the island country, was arrested earlier this week following an investigation by the state's anti-graft body.
The Malaysian billionaire is the founder of the Singapore-based organisation Hotel Properties which holds the rights to the Singapore Grand Prix at Marina Bay.
Ong Beng Seng was arrested and subsequently released on bail along with Singapore's transport minister, S Iswaran.
While Ong has not been charged with any offenses, the Corrupt Practices Investigation Bureau (CPIB) has instructed him, through his company Hotel Properties Limited, to provide information regarding his "interactions with Minister S Iswaran."
Read also:
Ong was instrumental in bringing F1 to Singapore and establishing an event that has generated incremental tourism receipts of over S$1.5 billion in revenues since its debut in 2008.
The race was suspended for two years due to the Covid-19 pandemic but returned to the calendar in 2022.
It is worth noting that the ongoing investigation does not appear to have any direct ties to the Singapore Grand Prix, and Ong is reportedly fully cooperating with the authorities.
Keep up to date with all the F1 news via Facebook and Twitter
Kimi Antonelli’s eighth win underlined his growing authority, but the Madring also exposed the fine…
George Russell has effectively conceded that his 2026 championship challenge is slipping away, admitting it…
Lando Norris left the Madring with the uncomfortable feeling of having done almost everything right…
Kimi Antonelli may have added another trophy to his rapidly expanding 2026 collection on Sunday,…
Lewis Hamilton has drawn a line under his 2026 title ambitions, admitting there is now…
Kimi Antonelli turned the first Spanish Grand Prix at the Madring into another milestone in…