http://www.straitstimes.com/singapo...-of-grossly-profiteering-from-wp-town-council
Our Town Council invested $4 million (2.7%) of the Town Council fund in Minibond Series 2 and 3.
•Given that the three directors of AIM are all ex-PAP MPs, were there proper checks and balances in place to ensure there would be no conflicts of interest
•What was the cost of developing the system and how much was it sold to AIM for? How much are Town Councils paying to lease it back from AIM? Were any profits made by the Town Councils when the system was sold to AIM?
Our Town Council invested $4 million (2.7%) of the Town Council fund in Minibond Series 2 and 3.
•Given that the three directors of AIM are all ex-PAP MPs, were there proper checks and balances in place to ensure there would be no conflicts of interest
•What was the cost of developing the system and how much was it sold to AIM for? How much are Town Councils paying to lease it back from AIM? Were any profits made by the Town Councils when the system was sold to AIM?
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