Singapore’s Ministry of Trade and Industry (MTI) says Teo Siong Seng will take a leave of absence from the SBF (Singapore Business Federation) as he focuses on addressing an indictment by the US Department of Justice. MTI adds that an economic task force will handle related work arising from the US allegations.
According to MTI, Teo tells the ministry that he needs to concentrate his attention on responding to the US DOJ case. Both outlets report that the leave arrangement is intended to ensure that ongoing economic responsibilities connected to the allegations continue to be managed. The sources do not detail the allegations’ underlying facts, but they describe them as involving US price-fixing claims and reference the indictment itself.
The reports present the decision as a temporary operational change: Teo steps back from SBF duties during the period of legal attention, while the economic task force takes over relevant coordination and follow-up work.
