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Singaporean billionaire cooperating in anti-graft probe involving transport minister

  • Singapore's anti-graft agency issued an arrest notice for billionaire Ong Beng Seng related to an investigation involving transport minister S Iswaran.
  • Ong, whose company owns the rights to the Singapore Grand Prix, has been asked to provide information on his interactions with Iswaran and is fully cooperating.
  • No charges have been filed against Ong, and Iswaran has taken a leave of absence pending the investigation.
  • Ong has a net worth of $1.75 billion and is credited with bringing Formula One racing to Singapore in 2008.
  • The probe is rare for Singapore's government, which is known for being corruption-free.
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