Ong Beng Seng - A billionaire who courted Singapore’s political elite. It backfired.


Singapore billionaire businessman Ong Beng Seng. - Photo from The Straits Times/ANN

SINGAPORE (Bloomberg): Ong Beng Seng has a penchant for schmoozing with the elite. That’s led him to business partnerships with actor Sylvester Stallone and Saudi Prince Alwaleed bin Talal, while his decades-long friendship with Formula One supremo Bernie Ecclestone has been credited with bringing the night race to Singapore.

Now Ong’s ways are taking centre stage after an investigation that has already toppled one of the most senior politicians in the city-state, which prides itself on a reputation for clean governance and business-friendly policies.

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