Billionaire hotelier Ong Beng Seng, 80, was seen interacting with Australian Formula 1 (F1) driver Daniel Ricciardo on 19 September 2024, at the F1 Pit Building. This sighting occurred just before the Formula 1 Singapore Airlines Singapore Grand Prix 2024, scheduled from 20 to 22 September 2024. Ong, a key figure in bringing F1 to Singapore, is also a witness in the upcoming corruption trial of former transport minister S Iswaran, set to begin on 24 September 2024.
Background
Ong Beng Seng has been a prominent figure in Singapore’s business and sports scenes. In 2023, he was involved in a high-profile investigation by the Corrupt Practices Investigation Bureau (CPIB) concerning former transport minister S Iswaran. Ong’s testimony is crucial for Iswaran’s trial, which will be held in the High Court from 24 to 28 September 2024. Ong’s involvement in the F1 Grand Prix further highlights his significant influence in Singapore’s sporting events.
Photographed with F1 driver
On 19 September 2024, Ong, dressed in a white collared shirt, was seen conversing with Daniel Ricciardo at the F1 Pit Building. This interaction was captured by Fathership/Zaki Azmi, adding to the anticipation surrounding the upcoming Grand Prix.
Arrested amidst CPIB probe
Ong was arrested on 11 July 2023, the same day as Iswaran, as part of the CPIB investigation. He was required to provide information about his interactions with the former minister. While Iswaran has been charged, the Attorney-General’s Chambers (AGC) stated they would decide on Ong’s case after Iswaran’s trial concludes.
Longtime ties to F1
Ong played a pivotal role in bringing the Formula One night races to Singapore. Leveraging his friendship with F1 boss Bernie Eccleston, Ong successfully negotiated the deal in 2007. In October 2022, Singapore, backed by Ong and the Singapore Tourism Board, secured the franchise to host the F1 race for another seven years, extending through 2028. Ong and his wife were ranked the 24th richest people in Singapore in 2022, with a combined net worth of US$1.75 billion (S$2.3 billion), according to Forbes.
Future implications
The outcome of Iswaran’s trial could have significant implications for Ong, given his involvement as a witness. The trial’s proceedings will be closely watched, not only for its legal ramifications but also for its potential impact on Ong’s business ventures and reputation. As the F1 Grand Prix continues to be a major event in Singapore, Ong’s presence and influence remain noteworthy amidst ongoing legal challenges.
