PAP Gahmen Appoints Independent Accountants To Check On Wankers' Party!

SINGAPORE: The Ministry of National Development (MND) on Friday (Mar 20) applied to the court to appoint Independent Accountants, in order to safeguard government grants to the Aljunied-Hougang-Punggol East Town Council (AHPETC).

The court documents were served on the town council on Friday.

In June 2014, AHPETC had requested that MND disburse the Service and Conservancy Charges (S&CC) Operating Grant for FY 2014 “without further delay”, stating that “the continued withholding of the grant to AHPETC is likely to critically and adversely affect the TC’s cash flow position”.

"But before MND does so, there must be adequate safeguards to ensure that AHPETC accounts for and manages these grants properly," the ministry said in its statement on Friday. "MND has therefore applied to Court to appoint Independent Accountants to safeguard the S&CC grants to be disbursed to AHPETC. If the Court grants the order, MND will be able to disburse the S&CC grants for both FY14 and FY15 to AHPETC."

The town council will have to keep the grants in segregated accounts, and payments out of these accounts exceeding certain thresholds will have to be co-signed by the Independent Accountants, said the MND.

The ministry added that is also asking the Court to empower the Independent Accountants to look at past payments made by AHPETC, and to take appropriate action to recover losses suffered by AHPETC and its residents - provided the Independent Accountants obtains the Court’s permission to do so.

However, the Independent Accountants will not take over the operations of AHPETC, nor will they seek to remedy the problems identified by AGO and AHPETC’s auditors, said MND. "These remain the responsibility of AHPETC’s Town Councillors."

In the Auditor-General’s Office (AGO) report on AHPETC accounts for FY2012-13, the AGO report identified "major lapses" in governance and compliance. "Until the weaknesses are addressed, there can be no assurance that AHPETC’s accounts are accurate and reliable, or that public funds are properly spent, accounted for and managed," the AGO said in its report.

Following a debate in February, Parliament unanimously noted with concern the AGO’s findings, and called on all Town Councils to uphold high accounting, reporting and corporate governance standard. During the debate, Minister for National Development Khaw Boon Wan called on AHPETC to take "real and concrete steps" to resolve the problems identified by the AGO.

"Make restitution to the residents for the losses to their town council. Submit a clean set of accounts for FY 2013 to Parliament by Jun 30, 2015. Submit your accounts for FY 2014 on time by Aug 31, 2015. Account to Parliament, account to your residents and those in this House," said Mr Khaw on Feb 13.

"These are not high hurdles. These are the basic requirements for any organisation, for anyone seeking to run for office in any organisation. Every town council has been able to do this, including those run by opposition MPs in the past. "

However, in its statement on Friday, the MND noted that AHPETC has not indicated that it is willing to take these actions.

"MND hopes that AHPETC will cooperate fully with the proposed Independent Accountants in order to continue receiving S&CC grants, safeguard public funds and protect the interests of residents," it said in its statement.

http://www.channelnewsasia.com/news/singapore/ahpetc-mnd-applies-to/1728806.html

What will happen when Workers' Party get more GRCs? Unthinkable!

Haha, machiam kena Judicial Management. Expect the accountant to sign cheque and don't get them involved in the operation? Let see who is the hero.

Then they may need the services of a Professional Subservient Family Butler.

mojito said:

What will happen when Workers' Party get more GRCs? Unthinkable!

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First time hearing of such things. The people that the government accuses of being corrupt are not arrested, but being "safeguarded".

Maybe PAP should have also appointed independent accountants to safeguard City Harvest, NKF, CNB, SCDF, NEA etc.

Withholding fund to TC isn't practical as it would cut off the cash flow and render the TC inoperable. KBW probably got too carried away when he talked about withholding gov grant to AHPETC.

This is another PAP tactic to attack the WP. MND is not going to pay for the independent account. It is the WP TC that will have to bear the cost ...how much will that cost the WP TC? Say it is 20 percent. That means 20 percent less funds to be used for the residents. Residents find that their services is not up to par as a result and start to blame the WP TC.

If MND truly wants to serve the citizens, then it should get rid of the TC concept and save us tens of millions. We won't need mayors. We won't need all the TC bureaucracy.

I am glad PAP listened to good advice from the grassroots leaders, many of whom have repeated asked the government to watch the Wankers' Party (WP) more closely, to ensure that they cannot spend the money on booze and on their friends in the town council.

Many of the Aljunied residents have express disappointment with the Wankers and will vote them out in the coming GE. Victor Lye and team will score a resounding victory!

Why Independent Accountants not appointed to audit Temasek,GIC ,AIM ,Bt Panjang TC...?
General Election is coming this year 2015.
But first let's have our celebration ,congratulation and celebration ,let's have our declared public holiday!

batman1 said:

Why Independent Accountants not appointed to audit Temasek,GIC ,AIM ,Bt Panjang TC...?
General Election is coming this year 2015.
But first let's have our celebration ,congratulation and celebration ,let's have our declared public holiday!

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That's because everyone knows PAP has a lot more credibility than the Wankers' Party.

This is just plain naked persecution of the Opposition in an election year abusing govt powers in using govt organs etc to bully and browbeat..

The PAP is really clutching at straws.

JohnTan said:

That's because everyone knows PAP has a lot more credibility than the Wankers' Party.

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Everyone? You are so blind.
If PAP operated in a true democracy, it would have been totally demolished by the press.
That's why your clinically dead father had to control the press, the courts, the media just so that it can bs all the way. Too bad, he didn't know how to control the internet.
May he be tortured in Hell. If you join him, we won't miss you.

JohnTan said:

I am glad PAP listened to good advice from the grassroots leaders, many of whom have repeated asked the government to watch the Wankers' Party (WP) more closely, to ensure that they cannot spend the money on booze and on their friends in the town council.

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Spent on booze and friends? You very brave. Even Shanmu doesn't dare to say that in Parliament.

Many of the Aljunied residents have express disappointment with the Wankers and will vote them out in the coming GE. Victor Lye and team will score a resounding victory!

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Too bad, it is all an illusion. You better pack your bags now ...you are going to Pulau Sudong after the GE.

mojito said:

What will happen when Workers' Party get more GRCs? Unthinkable!

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papigs shooting at their own trotters
gross interference & sore losers..............next GE will wham them hard in the face!!

JohnTan said:

That's because everyone knows PAP has a lot more credibility than the Wankers' Party.

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Dude , you are so 20th century. Thanks for the entertainment.

JohnTan said:

That's because everyone knows PAP has a lot more credibility than the Wankers' Party.

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Using peasantsCon People Fund money ( without their permisson) and rake in earnings with more than 10% and return 2% to the actual owners of the fund?

Now that is credibility if you chose to call it this way. LOLOLOLOLOLOLOLOLOLOLOLoLoLoLoL

aerobwala said:

Haha, machiam kena Judicial Management. Expect the accountant to sign cheque and don't get them involved in the operation? Let see who is the hero.

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like having ceo from pigs party

JohnTan said:

I am glad PAP listened to good advice from the grassroots leaders, many of whom have repeated asked the government to watch the Wankers' Party (WP) more closely, to ensure that they cannot spend the money on booze and on their friends in the town council.

Many of the Aljunied residents have express disappointment with the Wankers and will vote them out in the coming GE. Victor Lye and team will score a resounding victory!

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Have you proof of Worker's Party spending money on their friends with booze etc...this is serious accusations. Are you supporting Victor Lye on this accusation, if that is the case, he is vicarious liable for your action.

If the PAP government wants an independent party to audit the account of the Opposition's TC's...then do it & lay bare the mistakes, or even, of there is any cover ups or corruption. Present the findings, if it necessary bring them to court.

Until that findings is complete.....you may be sued for making accusations of the Town Council plus the members of parliaments in those constituencies...

mojito said:

What will happen when Workers' Party get more GRCs? Unthinkable!

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Don't worry, WP will be the next government.

借刀杀人




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