Bloomberg’s decision not to appeal High Court decision shows it knew article was “full of falsehoods”: Shanmugam
The last day for appeal was Aug 27 and financial news provider Bloomberg did not file an appeal.
Senior Minister of Home Affairs K. Shanmugam, in a Facebook post on Aug 29, stated that Bloomberg's decision not to appeal the High Court's ruling that the financial news provider and its journalist maliciously defamed Cabinet ministers K. Shanmugam and Tan See Leng revealed the publication's true assessment of its case's legal merits.
The High Court had awarded the ministers $230,000 each in damages on July 14, ruling that they had been maliciously defamed by Bloomberg and its journalist. The judge found that the article by Bloomberg's journalist Low De Wei contained falsehoods and had been published with malice, which means ill-will, spite, or improper motive.
Bloomberg's removal of the paywall for the article and its admission of the article's falsehoods demonstrated malice, according to the judge. Shanmugam noted that Bloomberg had also been subject to a Pofma order from December 2024 pointing out various falsehoods in the same article, further indicating its knowledge of the article's inaccuracies.
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