A billionaire, best known for bringing the Formula One night race to Singapore, has pleaded guilty to a charge linked to a landmark corruption scandal that shocked the Asian financial hub known for its squeaky clean government.

A billionaire hotelier is set to plead guilty to abetting offences in a rare corruption case that gripped Singapore and landed a former minister in jail.

A Malaysian hotel tycoon who helped bring Formula One to Singapore pleaded guilty Monday to abetting the obstruction of justice, in a rare corruption case in the city-state that saw a former transport minister jailed last year.