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Singapore GP Scandal: Race Rights Holder Faces Jail Over $300,000 Corruption Scandal Involving Former Transport Minister

Harry Stone by Harry Stone
November 4, 2024
in Motorsports
Reading Time: 2 mins read
0
Singapore GP Scandal: Race Rights Holder Faces Jail Over $300,000 Corruption Scandal Involving Former Transport Minister

The owner of the Formula 1 Singapore Grand Prix rights, Ong Beng Beng, now faces criminal charges amid a high-profile corruption scandal involving Singapore’s former transport minister, S. Iswaran. The Malaysian businessman is accused of bribing Iswaran with extravagant gifts valued at $300,000, which included luxury trips on a private jet, exclusive access to Premier League matches, and VIP tickets to the Singapore Grand Prix itself.

Iswaran, who stepped down from his ministerial position in January, was sentenced to a year in prison last Thursday after being found guilty of accepting these lavish gifts while in office. Ong, who was arrested last July, is now under the microscope as the authorities intensify their investigation. On Friday, he was officially charged under Section 165 for bribery and obstruction of justice. That same day, Ong instructed his company, Hotel Properties Ltd, to suspend trading, signaling the gravity of the charges he faces.

Despite the controversy, Singapore’s future as a Formula 1 venue remains secure, with a contract extending the event until 2028—an agreement inked two years ago. The Marina Bay Circuit, renowned for hosting F1’s first-ever night race in 2008, has also been a site of controversy. The inaugural night race gained notoriety when Renault’s Nelson Piquet Jr. deliberately crashed to manipulate the race outcome, helping teammate Fernando Alonso secure an opportunistic victory.

The event, which indirectly influenced the 2008 Drivers’ Championship in favor of Lewis Hamilton over Felipe Massa, remains a contentious chapter in F1 history. Massa is currently pursuing legal action to potentially overturn the outcome, citing the race’s manipulation as a deciding factor.

The Singapore GP, which took a break due to the COVID-19 pandemic in 2020 and 2021, returned to the F1 calendar in 2022. Its most recent edition, held two weeks ago, saw McLaren’s Lando Norris clinch victory at the iconic Marina Bay Circuit.

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