Singapore court orders Bloomberg to pay $356,000 to ministers in defamation case

BBC:

A Singapore court has ordered Bloomberg and one of its reporters to pay S$460,000 to two ministers who had sued them for defamation over an article referencing their property transactions.

Last year, the ministers, K Shanmugam and Tan See Leng, sued Bloomberg and reporter Low De Wei for a 2024 article titled “Singapore Mansion Deals Are Increasingly Shrouded in Secrecy”, which had mentioned their property deals.

Bloomberg said it did not imply any wrongdoing and had used them as examples of a broader trend. They have not commented on the verdict.

The judge found that when read as a whole, the piece implied wrongdoing by the ministers as it also mentioned secrecy and money laundering.