If convicted, can Ong Beng Seng remain as Hotel Properties director?
Under Companies Act, property tycoon can be disqualified from serving as HPL director if convicted on fraud or dishonesty charges and imprisoned for three or more months
FORMER transport minister S Iswaran was sentenced on Thursday (Oct 3) to 12 months’ jail, having pleaded guilty on Sep 24 to five charges: two for obtaining hospitality suite tickets for the 2017 Singapore F1 race, as well as flights and a hotel stay in Doha from property tycoon Ong Beng Seng.
The 78-year-old Ong, popularly known as OBS, was charged on Friday (Oct 4) afternoon.
The managing director and controlling shareholder of Singapore-listed HPL was charged on one count under Section 165, for having allegedly abetted a public servant in obtaining gifts, and one count for obstruction of justice.
TRENDING NOW
Singapore at 61: How we can ensure opportunity, security and ownership for the next generation
With tech for fact-checking to cancer care, Singapore startups aim beyond home
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
Why Asean matters more than ever to the UK and Singapore