As someone who's incorporated in Singapore she's 100% a spy or useful "partner of the state". That's the entire reason Singapore exists and everybody knows this - it's a tax haven and legal obfuscation state. The problem is exactly that it's not illegal in any way and it's in everyone's best interest to keep SG the way it is.
Remember tiktok's CEO's "I'm Singaporean, senator" and how behind closed doors us senators deemed tiktok a national threat. Yeah that's all on SG incorporation that americans themselves use for their spy operations - everybody loves eating this cake and nobody will ever ruin it. This is why SG is the most stable "country" in SEA.