PETALING JAYA: Along with his wife, Ong Beng Seng was named by business magazine Forbes among Singapore’s 50 richest with a US$1.75bil net worth last year.
Hotel Properties Limited (HPL) on Friday (July 14) announced that the Corrupt Practices Investigation Bureau (CPIB) has asked its co-founder and managing director, Ong Beng Seng, to provide information on his interactions with Minister for Transport S Iswaran. Popularly known by his initials OBS, Ong, who is Malaysian and has a degree in insurance, earned millions of dollars from accurately.
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..