SINGAPORE: Property tycoon Ong Beng Seng will continue to serve as the managing director of Hotel Properties Limited (HPL), the company said, after he was charged in court on Friday (Oct 4) over his involvement in the case of former transport minister S Iswaran.
The hotelier and head of Singapore GP was handed one charge each under Section 165 and Section 204A of the Penal Code. Section 165 relates to a public servant obtaining valuables while Section 204A pertains to obstructing justice.
Ong is currently out on a S$800,000 (US$617,000) bail. In a regulatory filing, HPL, which is owned by the 78-year-old, said that Ong had informed the company on the two charges and that he is seeking legal advice.
“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,” it added.
HPL’s nominating committee said it had “assessed the above and determined that Ong…
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