Singapore’s preparations for this year’s Formula One Grand Prix are at an advanced stage and the race will continue as planned, Minister for Trade and Industry Gan Kim Yong said in a written response Thursday.
(Bloomberg) — Singapore’s preparations for this year’s Formula One Grand Prix are at an advanced stage and the race will continue as planned, Minister for Trade and Industry Gan Kim Yong said in a written response Thursday.
Gan was responding to a parliamentary question on whether the arrest of Hotel Properties Ltd.’s Managing Director Ong Beng Seng will have any material impact on the Sept. 15-17 race. The businessman’s Singapore GP Pte owns the rights to the event.
Officials have yet to spell out the scope of the ongoing investigation by the country’s anti-graft agency, in which Transport Minister S. Iswaran was also arrested.
Read more: The Hotel Billionaire Ensnared in Singapore Graft Probe: Q&A
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