SINGAPORE: The managing director of Hotel Properties Limited (HPL), Ong Beng Seng, has been issued a notice of arrest and asked by the Corrupt Practices Investigation Bureau (CPIB) to provide information in relation to his interactions with Transport Minister S Iswaran.
“No charges have been filed against Mr Ong. He will be travelling from Jul 14 and will be surrendering his passport to CPIB upon his return to Singapore. He has been given a notice of arrest and has posted bail of S$100,000,” HPL said in a statement on Friday (Jul 14).
HPL said Mr Ong is cooperating fully with CPIB and has provided the information requested.
“As this is an ongoing matter, he is unable to provide further details at this point. He has undertaken to provide updates to the board if there are subsequent material developments," it stated.
HPL added that its nominating committee has assessed the current situation and determined that Mr Ong “continues to be suitable to carry out his duties and responsibilities as managing director”.
“The board and the nominating committee will continue to monitor the progress of the matter and the nominating committee will continue to re-assess the suitability of the continued appointment of Mr Ong.”
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“No charges have been filed against Mr Ong. He will be travelling from Jul 14 and will be surrendering his passport to CPIB upon his return to Singapore. He has been given a notice of arrest and has posted bail of S$100,000,” HPL said in a statement on Friday (Jul 14).
HPL said Mr Ong is cooperating fully with CPIB and has provided the information requested.
“As this is an ongoing matter, he is unable to provide further details at this point. He has undertaken to provide updates to the board if there are subsequent material developments," it stated.
HPL added that its nominating committee has assessed the current situation and determined that Mr Ong “continues to be suitable to carry out his duties and responsibilities as managing director”.
“The board and the nominating committee will continue to monitor the progress of the matter and the nominating committee will continue to re-assess the suitability of the continued appointment of Mr Ong.”
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