The HPL board said he is 'cooperating fully with CPIB' and has posted bail of $100,000. Read more at straitstimes.com.
SINGAPORE – Hotelier Ong Beng Seng has been issued a notice of arrest by the Corrupt Practices Investigation Bureau and is cooperating with the anti-graft body to provide informationHotel Properties Limited 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 founder and managing director of the company.
Mr Ong 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.“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.
“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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