Singapore’s corruption watchdog said it had arrested one of the city-state’s most high-profile property tycoons, expanding a rare operation that has embroiled a minister and dented its reputation as a clean place to do business.
The Corrupt Practices Investigation Bureau confirmed on Friday that both hotelier Ong Beng Seng and transport minister S Iswaran had been arrested on Wednesday before being released on bail. Both had their passports impounded as a condition of their release, though the CPIB has allowed Ong to travel overseas and surrender his passport on his return.
Hotel Properties Limited, of which Ong is managing director, earlier said he was providing information to the CPIB about his interactions with Iswaran. No charges had been filed against Ong, whose bail was set at S$100,000 ($75,500), the company added.
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