Singapore court finds opposition party leader guilty of lying to parliament

Singapore court finds opposition party leader guilty of lying to parliament


Pritam Singh, leader of Singapore’s main opposition Workers’ Party, arrives at its State Courts on Monday, Feb. 17, 2025.

Lionel Ng | Bloomberg | Getty Images

A court in Singapore on Monday found opposition Workers’ Party leader Pritam Singh guilty of two counts of lying to parliament, a verdict that could see him barred from contesting a general election this year.

Singh had pleaded not guilty and his sentencing was due later on Monday. The prosecution has asked for a maximum fine of S$7,000 ($5,231) for each charge.

If the combined fines amount to more than S$10,000, or if he is jailed for more than one year, Singh would be unable to run in an election, which must be held by November.

The charges against Singh, 48, stem from allegations he gave false testimony to a parliamentary committee in 2021 about a fellow party member allegedly lying to parliament.

Pritam Singh, leader of the main opposition Workers’ Party, arrives at the State Courts ahead of a verdict for his trial in Singapore, on Monday, Feb. 17, 2025. 

Bloomberg | Bloomberg | Getty Images

Singapore’s Prime Minister Lawrence Wong last month formed a committee to review electoral boundaries, an indicator that a general election in the city-state could come soon.

Wong’s People’s Action Party is almost certain to dominate the election and win most seats as it has every vote since independence in 1965. Its share of the popular vote will be a barometer for Wong’s public approval.



Source

Value investor Seth Klarman added Amazon last quarter. Here’s what else he bought
World

Value investor Seth Klarman added Amazon last quarter. Here’s what else he bought

Baupost Group’s Seth Klarman picked up Amazon in the fourth quarter, a bet that has yet to work out for the value investor this year as tech stocks take a hammering. The Boston-based hedge fund manager took a new position in Amazon amounting to $489.7 million, making the online retailer the firm’s second-largest holding, according […]

Read More
Return of ‘YOLO’ market: Wells Fargo thinks hefty tax refunds will boost bitcoin and these speculative stocks
World

Return of ‘YOLO’ market: Wells Fargo thinks hefty tax refunds will boost bitcoin and these speculative stocks

Some tax filers may get fatter refunds this year than in those past — a fact that is likely to boost investments into risk-on assets like stocks and bitcoin, according to Wells Fargo. That’s because the “big beautiful bill,” which was passed last summer, includes several favorable provisions for 2025 tax filers. Additionally, the IRS […]

Read More
Amazon has lost 0 billion in value during this historic losing streak. Here’s what’s dragging it down
World

Amazon has lost $450 billion in value during this historic losing streak. Here’s what’s dragging it down

Andy Jassy, CEO of Amazon, speaking with CNBC at the World Economic Forum in Davos, Switzerland on Jan. 20, 2026. CNBC Amazon shares whipsawed on Tuesday, as the stock attempted to make a comeback from a historic slide. Should the stock close in the red, it would mark a tenth-straight negative session, tying the company’s […]

Read More