Property tycoon Ong Beng Seng pleaded guilty to one charge of abetting the obstruction of justice on Monday in part of a landmark case that led to the jailing of former transport minister S. Iswaran for obtaining valuable items as a public servant last year.

A billionaire, best known for bringing the Formula One night race to Singapore, has pleaded guilty to a charge linked to a landmark corruption scandal that shocked the Asian financial hub known for its squeaky clean government.

A Malaysian hotel tycoon who helped bring Formula One to Singapore pleaded guilty Monday to abetting the obstruction of justice, in a rare corruption case in the city-state that saw a former transport minister jailed last year.