SINGAPORE Shares of Hotel Properties Limited (HPL) sank when trading opened on Friday (July 14), hit by news that its managing director, co-founder and controlling shareholder, Ong Beng Seng, had been issued a notice of arrest by the Corrupt Practices Investigation Bureau (CPIB). The shares fell 21 cents, or 5.4 per cent, to $3.65 when the Singapore market opened..
SINGAPORE (The Straits Times/Asia News Network): Tycoon Ong Beng Seng has been issued a notice of arrest linked to the Corruption Practices Investigation Bureau’s (CPIB) probe involving Transport Minister S. Iswaran.