SINGAPORE – Hotelier Ong Beng Seng has been issued a notice of arrest by the Corrupt Practices Investigation Bureau (CPIB) and is cooperating with the anti-graft body to provide information in relation to his interactions with Transport Minister S. Iswaran.
Hotel Properties Limited (HPL) said in a statement to the Singapore Exchange at 7.30am on Friday that no charges have been filed against Mr Ong, 77, who is the founder and managing director of the company.
“He will be travelling from July 14 and will be surrendering his passport to CPIB upon his return to Singapore. He has been given a notice of arrest and has posted bail of $100,000,” the statement read.
The tycoon was seen leaving CPIB’s headquarters on Wednesday after CPIB announced that Mr Iswaran, who is also Minister-in-charge of Trade Relations, is assisting with investigations into a case it uncovered. It did not give details on the nature of the investigation.
HPL said Mr Ong is cooperating with the CPIB and has provided the information requested.
“As this is an ongoing matter, he is unable to provide further details at this point. He has undertaken to provide updates to the Board if there are subsequent material developments,” the company said.
HPL added that Mr Ong will continue his duties and responsibilities as managing director in the meantime after the nominating committee determined that he is suitable to do so.
“The board and the nominating committee will continue to monitor the progress of the matter and the nominating committee will continue to re-assess the suitability of the continued appointment of Mr Ong,” the company said.
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