Wang was arrested by Corrupt Practices Investigation Bureau (CPIB) officers in Singapore on Monday and will appear in court next week to answer the charges.

The passports of 11 Liaoning players have also been confiscated to prevent them from leaving the city state while they assist the police with investigations.

While Wang awaits his court appearance, S-League chief executive Winston Lee said that action has been taken by the league against the manager of the satellite club of China Super League side Liaoning FC.

"The manager has been suspended from all forms of football activities with immediate effect and he will be permanently banned from participating and managing football in Singapore if he is found guilty," said Lee.

"The FAS will also be recommending to AFC and FIFA to extend his life ban worldwide should that be the case."

Speaking to the Straits Times, Lee added that the allegations could affect the club's status for the new season, which is scheduled to start in February.

"We were already disappointed with Liaoning's performance last year. If their team manager is found guilty, it will not help their case."

Liaoning finished 10th in the 12-team league last season, losing 20 of their 32 games and the league may admit a new team if the Chinese side are expelled.

"We do have options, but these clubs will also have to meet our criteria before they can come in," Lee added.

"We will not sacrifice the quality and integrity of the league. If we have to, we will carry on with 11 teams."