Singapore’s high court ordered the Bloomberg news agency on Tuesday to pay Sg$230,000 (US$178,000) in damages each to two senior ministers in a defamation case linked to a report on luxury property transactions.

The judge found that the December 2024 article about secretive Good Class Bungalow transactions had defamed the ministers.

The judge found the defendants had acted with malice in the article mentioning the ministers’ personal property deals.