Ong Beng Seng, a Singaporean property billionaire, is facing charges in court over a scandal involving a former minister.

• Hotel Properties Limited, a Singapore-listed hotel owner and operator, is led by Ong Beng Seng, a Malaysian businessman based in Singapore.
• HPL manages 38 hotels and resorts across 15 countries, all under the brands Four Seasons, Intercontinental Hotels, and Marriott International.

On Friday, Singapore charged billionaire Ong Beng Seng with two counts of obstruction of justice and abetment, according to local media, in a case involving a former government minister.

A Singapore-based Malaysian businessman, Ong, serves as the managing director of a Singapore-listed hotel owner and operator.

In July, the anti-graft agency in Singapore issued an arrest notice for Ong, who was being investigated for his interactions with former Transport Minister S Iswaran.

Iswaran was given 12 months in prison on Thursday for accepting over $300,000 in gifts and obstructing justice after pleading guilty.

HPL manages 38 hotels and resorts across 15 countries, all under the brands Four Seasons, Intercontinental Hotels, and Marriott International.

At the time of arrest, HPL stated that Ong was still suitable to perform his duties as managing director, but would continue to evaluate his continued appointment.

Shares of HPL were halted ahead of the court hearing on Friday.

In 2022, Singapore GP and the Singapore Tourism Board secured the rights to host the Singapore Grand Prix until 2028, with Ong being credited with bringing Formula One to Singapore in 2008.

Since its inception in 2008, the race has generated over 1.5 billion Singapore dollars ($1.13 billion) in additional tourism revenue and attracted more than 550,000 unique international visitors.

—CNBC's Lim Hui Jie contributed to this story.

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