AHTC, PRPTC lawsuits against Workers' Party MPs to go to trial on Friday Read more at https://www.channelnewsasia.com/news/singapore/ahtc-prptc-lawsuits-against-workers-party-mps-to-go-to-trial-on-10755682 (Updated: ) Ricky Lim
The independent panel previously said it was seeking compensation for the S$33 million which was allegedly wrongfully paid out to the companies. The three WP MPs gave a joint statement to the media in July 2017 rejecting the allegations, saying they acted in good faith and "have not benefited a single cent" from the appointment of FMSS. "If they are sitting MPs when the High Court declares them bankrupts at the court hearing, they will immediately lose their seats as MPs," said Assoc Prof Tan. While they are undischarged bankrupts, they will not be allowed to contest in any parliamentary election. WP's Mr Low had told reporters in July 2017: "Some of you might be worried (about) what happens if we lose our seat. I can tell you, (if we) lose our seat, there will be more people, and the younger generation in the Workers' Party will be prepared to come forward to serve Singaporeans, so I am not worried." ---
It is an honest mistake. But an expensive, serious and fatal one.
It is not easy to be a politician to serve the public - much more an opposition. Everything is at stake. Thus the "high" income earned as a politician - are factoring such risks.
Repetition of dirty political underhand tactics again. It will never end and will recurr again and again by those greedy, heartless and totally shameless politicians in power to protect their lucrative pay cheque.
WP did make mistake in not getting the best price for the GRC and paying so much more for the same service - and letting go the incumbent FM without verifying the price. The additional $33 million paid are taxpayers money.
When a mistake is make, you need to get it back.
Are you saying taxpayer money need to be forgo - to cover the mistake?
Once you go into politics, you need to constantly watch your back - and not be rash and complacent. If you are not 360 degree watchful to watch your back - your opponents will deliver the blow on your mistake --- this is politics.
The price of incumbent FM service are already there - to form a benchmark. WP should have do due diligence to compare the price - when they received quotation from FMSS --- and should question why the price is out by $33 million. This is the due diliegence expected from the office holders - whoever wins it. WP can use the benchmark price and ask FMSS to provide the same service with the benchmark price - this is expected from an office holders. Even any shrewd businessman or anyone like us will do such due diligence - why allow people to 切菜头？
Also if 没有那麽大的头 - 不要戴那么大的帽。 When Mr Lee KY challenge WP to take on GRC - WP should weigh the consequences and competencies before taking.
Ricky Lim, you forgot that eight town councils run by the ruling People’s Action Party had S$16 million invested in various products linked to Lehman Brothers and they collapsed in 2008. They used the TC sinking fund to invest without the residents' knowledge until LB collapsed.
Are you saying taxpayer money need to be forgo - to cover the mistake? Or it was an honest mistake and therefore an investment loss? Did anyone sue the TCs? Seem nothing was heard from the saga for 10 years liao.
(1) AHTC case - is did not exercise due diligence to check records that they possess - where any reasonable persons will do it. In addition, there are conflict of interest - when the person who provide the quote is the one who award the job to himself. You should hear more of detail when the court case is heard. The sum of $33 million is not a small sum happen under such activity. This case may have contravene the Town Council Act - Section 15 Conflict of Interest and appointment of members Section 17.
(2) The lost in investment is Lehman brothers are investment in instrument to earn interest - but the Lehman foldup. Town council can either put their fund in banks, insurance or financial instruments to earn income. The Town Council Act - Section 41 Power of Investment - allow Town Council to put funds as investment - the same standard power of statutory bodies. No Act are broken.
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