Bloomberg Ordered to Pay $356,000 to Singapore Ministers in Defamation Case A Singaporean court's ruling has left the journalism world questioning the limits of free speech and the role of media in a democracy.
On March 10, 2025, the High Court ordered Bloomberg News to pay $356,000 to two senior ministers, K. Shanmugam and Desmond Tan, for an article published in December 2024.
The article, "Singapore Mansion Deals Are Increasingly Shrouded in Secrecy," examined the trend of wealthy buyers using shell companies and other tactics to conceal their identities when purchasing luxury properties in Singapore.