Billionaire Ong Beng Seng to step down from Singapore property firm


Ong Beng Seng arrives at a court in Singapore in October last year. Photo: Reuters file

SINGAPORE: Billionaire Ong Beng Seng, who is set to plead guilty in a court case related to a graft scandal involving a former Singapore minister, will step down as the managing director of his property firm.

Singapore-listed Hotel Properties Ltd said he "wishes to devote more time to manage his medical conditions,” according to an exchange filing Monday (April 14). 

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