As the polls close, I thought it would be timely to have this discussion. Standing for Parliament and contesting in the GE is all fine and good and the vast number of adults will readily qualify as a candidate. Not so for PE.
The consititution is clear and it also contains clauses and conditions that allow capable people who can't be slotted in the recognised categories to be considered. Tan Jee Say's application was a straight forward with no special consideration unlike TKL. He was in the same category as TT and TCB. I am sure he was surprised as others when he got the COE and this came up again during his thank you party at his Frankel Home.
This piqued my curiosity and the hunt was on. TJS did not have an easy ride after he left PPS position. Morgan Grenfall to those who are not aware is PAP friendly entity and close to Govt. Peregrine was not but it went under and no fault of TJs. Not much happened in SCB. TJS was given Govett within 2 years of Allied Irish Bank buying it for slightly over £101m. When TJS took over the Asian Financial Crisis occurred. Change of strategy and various tactics failed and it never made any money during his entire tenure. He never got his bonus naturally. He was asked to go. The business was finally sold for all of £4m. AIB wrote off £97m from it's book. At the time of sale, the purchaser would cough up £10m if the portfolio had some unrecognised residual value and if certain performance hurdles were met. It's was never met and AIB never saw another penny.
So how did PEC classify it as £100m capitalisation when it was sold for all of £4m. This coupled with what he did at SCB and the same senior chaps that revealed about the bed hopping MP of West Coast did not give a pass mark about him except that he was a nice guy but out of his depth. The million dollar question is who is behind him and who prodded him to run.
My sense is that he has been used by the regime and he does not know it. PEC out of 3 members has a former Intelligence Chief and another member whose direct subordinate is Nsthan's daughter. That intelligence chief was a direct report of Nsthan when he was head honcho of the SID and ISD. So you have 2 out of 3 with loaded dice. No bookie in the world will accept such a coincidence let alone accept bets.
The consititution is clear and it also contains clauses and conditions that allow capable people who can't be slotted in the recognised categories to be considered. Tan Jee Say's application was a straight forward with no special consideration unlike TKL. He was in the same category as TT and TCB. I am sure he was surprised as others when he got the COE and this came up again during his thank you party at his Frankel Home.
This piqued my curiosity and the hunt was on. TJS did not have an easy ride after he left PPS position. Morgan Grenfall to those who are not aware is PAP friendly entity and close to Govt. Peregrine was not but it went under and no fault of TJs. Not much happened in SCB. TJS was given Govett within 2 years of Allied Irish Bank buying it for slightly over £101m. When TJS took over the Asian Financial Crisis occurred. Change of strategy and various tactics failed and it never made any money during his entire tenure. He never got his bonus naturally. He was asked to go. The business was finally sold for all of £4m. AIB wrote off £97m from it's book. At the time of sale, the purchaser would cough up £10m if the portfolio had some unrecognised residual value and if certain performance hurdles were met. It's was never met and AIB never saw another penny.
So how did PEC classify it as £100m capitalisation when it was sold for all of £4m. This coupled with what he did at SCB and the same senior chaps that revealed about the bed hopping MP of West Coast did not give a pass mark about him except that he was a nice guy but out of his depth. The million dollar question is who is behind him and who prodded him to run.
My sense is that he has been used by the regime and he does not know it. PEC out of 3 members has a former Intelligence Chief and another member whose direct subordinate is Nsthan's daughter. That intelligence chief was a direct report of Nsthan when he was head honcho of the SID and ISD. So you have 2 out of 3 with loaded dice. No bookie in the world will accept such a coincidence let alone accept bets.
Last edited:
