4 days ago
Convicted Billionaire Ong Spared Jail After Singapore Scandal
Convicted billionaire Ong Beng Seng will avoid jail in Singapore despite his involvement in a scandal that stunned a city-state known for being one of the world's least corrupt nations.
The Malaysian tycoon, who gained international fame for bringing Formula One racing to Singapore, was granted the reprieve by a district judge at a sentencing hearing on Friday afternoon. Ong will be fined S$30,000 ($23,374), the judge said, citing his dire medical condition.
