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Serious KPMG: "Some lapses may amount to criminal conduct"! Oppie Cocksuckers Keep Quiet!

JohnTan

Alfrescian (InfP)
Generous Asset
ST_20161102_AHTC02_2711870.jpg


The town councillors of Aljunied- Hougang Town Council (AHTC) may be liable for serious offences under the Penal Code, such as criminal breach of trust and abetment, independent auditor KPMG said in a report released yesterday .

The reason is that, as custodians of public funds entrusted to the town council, they have a fiduciary duty that entails "personal and collective responsibility''.

So, KPMG said, if the improper payments had been made deliberately, "they could amount to criminal conduct".


The town councillors named in the report include Workers' Party MPs Low Thia Khiang, Sylvia Lim, Pritam Singh and Png Eng Huat.

All four sit on the WP's executive council: Mr Low is secretary-general; Ms Lim, the chairman; Mr Singh, the assistant secretary-general; and Mr Png, the organising secretary.

The report said payments totalling at least $23 million were approved by town council members with a conflict of interest. This raised questions about whether the payments were fully justified.

The auditors also identified improper payments totalling about $1.5 million, of which at least $624,000 ought to be recovered.

The report then went on to explain the duties and responsibilities of town councillors under the law.

Under the Town Council Financial Rules, an officer who makes a payment without proper authority or who incorrectly certifies a voucher shall be responsible for the amount. But such personal liability applies only when the officer did not act in good faith.

Town councillors, like public officers, have a fiduciary duty to two bodies: the Government and the public. The reason is that they are entrusted with the control and management of public funds.

Under the Town Council Act, members of a town council, like directors of a company, must declare their interests in transactions in which they are directly or indirectly interested. "This duty, to avoid a conflict of interest, goes to the heart of a fiduciary's duty to his principal," said KPMG.

It noted, among other lapses, the way AHTC governed matters related to its then managing agent FM Solutions and Services (FMSS) was seriously flawed. "An unacceptably high degree of financial responsibility was relinquished by the town councillors to the conflicted persons, in a control environment in which meaningful oversight by the town councillors was absent," the report said.

AHTC also had a "failed control environment", which showed in the lack of discipline in its financial operations and record-keeping.

"This exposed public funds to risks of erroneous payments, overpayments, payments for which services had not been sufficiently verified and payments without proper authority, as well as the potential for actual misappropriation or civil or criminal breach of trust," it said.

A public servant or agent guilty of criminal breach of trust can be jailed for life, or jailed up to 20 years and fined. Abetment of the offence carries the same punishment.

The report concluded that its findings "may give rise to personal claims against the town councillors, or disclose the finding of criminality". But KPMG stressed its findings are not meant to "conclusively" decide if the town councillors had broken the law.

"This report does not seek to make a finding on whether these circumstances, individually or collectively, demonstrate a deliberate course of action taken by the town councillors to benefit FMSS and (service provider FM Solutions and Integrated Services) FMSI," it said.

But should such conduct have taken place intentionally, it would potentially amount to an offence under the Penal Code, it said.

http://www.straitstimes.com/singapore/some-lapses-may-amount-to-criminal-conduct-kpmg
 

Bonut

Alfrescian
Loyal
mai tu liao, WP. Sue KPMG for defamation for suggesting that the town councilors are criminals.
 

kryonlight

Alfrescian (Inf)
Asset
Yes! Jail all these crooked opposition jiak liao bees. They are so greedy. Haven't become majority in the imperial court yet and trying to emulate the men in white. Too bad, checkmate.
 

tanwahtiu

Alfrescian
Loyal
These are full time MPs and they can make mistakes. Do we trust part time PAP MPs running their wards.

Pinky is vindictive person not fit lead. Without his old man he fumbled and listen to wrong advises to whack oppo will made him look bad.

Pinot President is watching him.

Singapore habas leow. Pack yr family out of Singapore asap when the time is still ok. Bad times is bad times to do anything. Good time is right time to do anything and decide when time is still good.
 

frenchbriefs

Alfrescian (Inf)
Asset
press charges then,if u do not press charges now in court it can be construed as lieing and defamation of the good names of our elected Parliamentarians!!!Sue them now or ill be forced to send Leong Sam to ram KPMG's arseholes with his seatless bike.
 

batman1

Alfrescian
Loyal
KPMG want to get auditing and assurance contracts.No choice.
U think KPMG dare to produce adverse reports against PAP TCs ?
 

mojito

Alfrescian
Loyal
This is very serious. We got to lock up these crooks before they empty the town council moneys to feed their greedy friends! Examples must be made to their misdeeds now! :mad:
 

JohnTan

Alfrescian (InfP)
Generous Asset
Grassroots leaders and volunteers in the opposition GRC have been meeting to scrutinize all business of the oppie town council very closely. If there's suspicious activities and transactions, we will notify the relevant authorities.
 

GoldenDragon

Alfrescian (Inf)
Asset
KPMG should just focus on what it knows best. And it can't be law. It's like Drew & Napier commenting on accounting matters.

If there was anything remotely criminal, the govt would have swung into immediate action back then. Not allow KPMG to act as AGC. Quite clearly KPMG is looking to be in the good books of the PAP. Shameful.
 

HTOLAS

Alfrescian (Inf)
Asset
Given the recent spate of MRT breakdowns, this report will serve as a weapon of mess distraction.
 

winnipegjets

Alfrescian (Inf)
Asset
The AG brought in two KPMG partners to do an audit, one of which was a forensic accountant. Came up with nothing except opinonated lapses.

After implanting themselves into the Town Council financial management team, the KPMG team now cooked up a potentially criminal case.

If the WP is smart, they should know how to educate sinkees about this.
 

winnipegjets

Alfrescian (Inf)
Asset
Grassroots leaders and volunteers in the opposition GRC have been meeting to scrutinize all business of the oppie town council very closely. If there's suspicious activities and transactions, we will notify the relevant authorities.

Opposition has shamed the PAP wards with their lower cost and better services. PAP cannot tahan and is trying everyway to stage a takeover of the opposition ward. We are seeing that slowly unfolding.
 

borom

Alfrescian (Inf)
Asset
How about the Auditor General report on the many lapses in the civil service-not criminal misconduct?-given that they are full time professionals while MP's are elected officials overseeing the running of the Town Council !
 

JohnTan

Alfrescian (InfP)
Generous Asset
All these nonsense wouldn't have happened if the daft sinkies voted Victor Lye instead of Low Thia Khiang. Victor Lye would also clean up the sleeazy parts of Aljunied GRC and restore law and order to Joo Chiat and Geylang.
 

Bigfuck

Alfrescian (Inf)
Asset
The mismanagement of Singapore assets and corruption by the Lees should be dealt with by execution through fire and missile squad. Yawn. KMPG and the all the big 4 are internationally corrupt prostitute organizations and all will be taken to the firing squad soon.
 
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