‘Notice of arrest’ issued against HPL’s MD over Iswaran’s corruption probe

Ong Beng Seng, however, has posted bail of $100,000.

Hotel Properties Limited’s (HPL) Managing Director Ong Beng Seng has been caught up in the corruption probe against Transport Minister S Iswaran.

In a bourse filing, HPL said Ong has been summoned by the Corrupt Practices Investigation Bureau (CPIB) to “provide information about his interactions” with Iswaran.

HPL also revealed that Ong has received a notice of arrest but had already posted bail of $100,000.

“No charges have been filed against Mr Ong.  He will be travelling from 14 July 2023 and will be surrendering his passport to CPIB upon his return to Singapore,” HPL said.

The company said Ong is fully cooperating with the CPIB and has provided the information the agency needed.

“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,” HPL said.

After assessing the situation, the nominating committee of HPL determined that Ong remains suitable to carry out his duties and responsibilities as the company’s managing director.

“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 Ong,” HPL said.