Khaw used confidential information on a private company from IRAS to attack the WP.
This abuse of commercial privacy worries the business community as what safeguard is there to keep other ministers, senior civil servants from abusing this? Before investing in a private company, they could get the financial info from the IRAS. This is no different from insider trading as internal informatin is made available to some so that they have an advantage.
Another scenario would be they gather information of another company for the friends.
PM should tell sinkees what safeguards is in place to prevent ministers and senior civil servants from abusing this access to IRAS data.
This abuse of commercial privacy worries the business community as what safeguard is there to keep other ministers, senior civil servants from abusing this? Before investing in a private company, they could get the financial info from the IRAS. This is no different from insider trading as internal informatin is made available to some so that they have an advantage.
Another scenario would be they gather information of another company for the friends.
PM should tell sinkees what safeguards is in place to prevent ministers and senior civil servants from abusing this access to IRAS data.