Bloomberg News and one of its reporters were ordered to pay S$460,000 ($355,734) in damages after an article it published was found to have defamed two Singapore government ministers, the city-state’s High Court said in a judgment released on Tuesday.
Bloomberg and the reporter Low De Wei are liable to pay S$230,000 to each minister, comprising S$170,000 in general damages and S$60,000 in aggravated damages, said the judgment.
Bloomberg Editor-in-Chief John Micklethwait said he was disappointed by the ruling and that the company continued to stand by its reporter and the newsroom.
“We argued at trial that our reporting was accurate and served an important public interest, and we continue to believe that the ministers have imposed an extremely strained meaning on what was a solid story,” he told Reuters in an email. He did not say whether Bloomberg planned an appeal.
The law firm that represented the ministers did not immediately respond to a request for comment.
Judge claims article was targeted, showed malice
In her judgment, Justice Audrey Lim wrote: “The dominant purpose behind the article was to publish a story about the claimants, in particular about their (good class bungalow) transactions. The broader narrative of how wealthy individuals in Singapore use non-caveated transactions and trust structures to keep their dealings secret or ‘off-radar’ was the cover devised to carry that story.”
Home Affairs Minister K Shanmugam and Manpower Minister Tan See Leng had sued Bloomberg and one of its reporters for defamation over a December 2024 article on secrecy around expensive property transactions that mentioned deals involving the two ministers.
Bloomberg had defended the story as reporting on trends related to transactions of luxury properties, saying both ministers were newsworthy examples of such deals. The news organization told the court the article did not allege wrongdoing by the ministers.
The lawyer for the ministers had called for aggravated damages to be awarded and said the defendants had shown malice.
Bloomberg publicly stands by reporting
He said in court that when Bloomberg received a correction direction issued under Singapore’s Protection from Online Falsehoods and Manipulation Act, the company responded by lifting the paywall on the article and publicly stood by it.
A Bloomberg editor said in an affidavit that the company had lifted the paywall so that readers could see the correction notice. The hearing was told that the notice was placed at the top of the story on its website, along with a statement that Bloomberg “respectfully disagrees” with the direction and stood by its reporting.
In her ruling, the judge said Low had been reckless and false in describing the opacity of local government records for non-caveated bungalow transactions.
She said that such records were in fact maintained in public records and made searchable through the Singapore Land Authority’s Integrated Land Information Service, a fact Low knew from making searches as a reporter himself.
“I find that Bloomberg‘s conduct in removing the paywall pertaining to the article also demonstrates malice,” added the judge.
