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Singapore-based Malaysian F1 tycoon Ong Beng Seng receives $23,400 fine, no jail term
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Ong Beng Seng, a Malaysian tycoon based in Singapore, was fined S$30,000 (US$23,400) for abetting the obstruction of justice related to former transport minister S. Iswaran. The 79-year-old, who has incurable cancer, avoided jail time due to his medical condition. Ong played a key role in bringing Formula One to Singapore and owns Hotel Properties Limited. Iswaran was previously jailed for accepting gifts and obstructing justice in a significant political graft case.
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