WHAT THE TRIAL IS ABOUT
Mr Shanmugam and Dr Tan sued Bloomberg and Mr Low for an allegedly defamatory article in December 2024 about Good Class Bungalows (GCBs) titled “Singapore Mansion Deals Are Increasingly Shrouded in Secrecy”.
The article mentioned Mr Shanmugam selling his GCB in Astrid Hill for S$88 million (US$69 million) to UBS Trustees when he had bought it for S$7.95 million in 2003. It also referenced Dr Tan buying a GCB in Brizay Park for nearly S$27.3 million.
The ministers alleged that the article had defamed them by suggesting that they had taken advantage of the lack of checks and balances and disclosure requirements in carrying out property transactions in a “non-transparent manner”.
