P1racenews AI automatic summary:
Singapore F1 GP not under threat despite corruption probe, says government
Singapore’s Transport Minister, S. Iswaran, has resigned following allegations of receiving kickbacks from property tycoon Beng Seng, who owns the rights to the Singapore GP. Iswaran denies these accusations and is determined to clear his name. Beng Seng has not been charged with any wrongdoing. The case has generated significant interest in the region, given Singapore’s reputation for being corruption-free. The Ministry of Trade and Industry has stated that the F1 race contracts were carefully considered, refuting claims that they were to the government’s disadvantage. All preparations for the upcoming Singapore GP in 2024 are on track, and the race has brought numerous benefits to Singapore, including increased tourism revenue and opportunities for local companies.
