Singaporean billionaire given arrest notice in anti-graft probe involving country's transport minister
Publishing timestamp: 2023-07-14 03:48:45
Summary
Singapore's anti-graft agency has issued an arrest notice for billionaire Ong Beng Seng as part of an investigation involving transport minister S Iswaran. Ong, who is the managing director of Hotel Properties Limited, has been asked to provide information on his interactions with Iswaran. The company stated that Ong is fully cooperating with the agency, but HPL's shares slid as a result of the news. Prime Minister Lee Hsien Loong has asked Iswaran to take a leave of absence during the investigation.
Sentiment: MIXED
Tickers: HPPS-SG,
Keywords: singapore, asia economy, business news, ishares ftse a50 china index etf,