News is filtering through of an accident involving a Ferrari 599 GTO that happened yesterday morning in Singapore. Three were killed and two others were injured when the Ferrari ran red light, struck a cab which then hit a motorbike. The accident happened at 4:15 AM on Saturday night near Bugis Junction. The driver of the Ferrari, Ma Chi, a 31-year-old Chinese businessman died at the scene of the accident. Reports indicate that a 20-year-old Japanese tourist, passenger in the cab, died later of head injuries while the 51-year-old taxi driver, Cheng Teck Hock, died earlier today in hospital. The passenger in the Ferrari, a 20-year-old female, suffered head injuries while the motorbike rider was treated, a Malaysian man, suffered from spinal injuries.