Ex-Singapore Minister Iswaran accepts charges, begins 12-month jail term

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Ex-Singapore Minister Iswaran accepts charges, begins 12-month jail term - Business Standard

Quick Summary:

The total value of the gifts, accepted from Malaysian billionaire Ong Beng Seng and businessman David Lum, was estimated to be around S$400,000 (US $306,000).

Iswaran’s sentence, handed down on October 3, marked the first time a Singaporean cabinet minister has been imprisoned since the nation gained independence in 1965.

Ong Beng Seng, the businessman associated with many of the gifts accepted by Iswaran, was also charged shortly after the former minister’s guilty plea.