F1 Singapore GP’s future looms in the dark over alleged $300,000 corruption case
Singapore GP might suffer a major blow as one of its biggest promoters is involved in a corruption charge with a former government official.
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Singapore Grand Prix, image via F1
Singapore hosted F1’s first-ever night race and became famous for the crashgate scandal. Over the years, the race has garnered a reputation as one of the most physically exhausting events for the drivers. However, in a stark turn of events, the fan-favorite race at Marina Bay could potentially drop off the F1 calendar, as its rights holder is alleged for $300,000 corruption charges.
Ong Beng Seng more commonly known as OBS is a Malaysian billionaire, who owns one of the largest businesses in Singapore and is also the owner of the Singapore GP’s rights. The 78-year-old has found himself under corruption charges for allegedly giving high-value gifts to former Singapore transport minister, Subramaniam Iswaran in a massive scandal.
The former transport minister was charged with a sentence of one year and confessed about the goods he took from OBS over the years. This led to the 78-year-old being called up by the Singaporean judiciary and proceeded with the trials against the billionaire.
However, no verdict was delivered on his first visit to court on 4th October 2024, the case was adjourned for six weeks. Thus, the next trial is scheduled for 15th November, which could give further insights into how the matter would be dealt with and whether OBS would be granted bail for his actions.
Singapore GP race promoters remain confident despite corruption charges
With Ong Beng Seng facing the wrath of the Singaporean judiciary, questions started to arise about how the Marina Bay circuit would manage future races. Despite the event having a contract with F1 till the 2028 edition, the championship could bail out of its obligations if the matter involving the Malaysian escalates beyond anticipated levels, as observed during prior instances.
On the other hand, the rest of the promoters for the Singapore GP have remained calm. This could be witnessed by the early bird tickets for next year’s Grand Prix that have already been sold out. The general admission tickets are to be released at a later date.
Thus, the night race around Marina Bay could continue for a few more years. However, the ethicality of such races might be targeted by several experts owing to the massive corruption that was happening behind closed doors.
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Geetansh Pasricha
(772 Articles Published)