SINGAPORE (Bloomberg): Singapore was rocked by news this week that a cabinet minister and a property tycoon were arrested in one of the most serious graft cases in nearly four decades.
The unraveling case involving Transport Minister S. Iswaran and Ong Beng Seng threatens to dent the image of a country that prides itself on probity and clean government. Singapore has always been among the 10 least-corrupt in Transparency International’s Corruption Perceptions Index since it began in 1995.
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