Key facts
- Singapore ministers were awarded US$113,000 each in legal costs.
- The legal costs were awarded following a libel suit against Bloomberg.
- The suit was settled out of court.
Singapore ministers have been awarded US$113,000 each in legal costs following the settlement of a libel suit against Bloomberg. The ministers had sued the news organization over an article published in 2019 that they claimed falsely implied they were involved in corrupt dealings.
The article, titled "Singapore’s $6 billion offshore industry is a new target for graft investigators," suggested that the ministers were involved in corrupt practices. The ministers denied these allegations and initiated legal proceedings against Bloomberg.
While the terms of the settlement were not disclosed, the award of legal costs indicates a favorable outcome for the ministers in the legal dispute.