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No wonder MM Lee is scared losing power

makapaaa

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Asset
<TABLE id=msgUN cellSpacing=3 cellPadding=0 width="100%" border=0><TBODY><TR><TD id=msgUNsubj vAlign=top>Coffee Shop Talk - No wonder MM Lee is scared losing power</TD><TD id=msgunetc noWrap align=right>
icon.aspx
Subscribe </TD></TR></TBODY></TABLE><TABLE class=msgtable cellSpacing=0 cellPadding=0 width="96%"><TBODY><TR><TD class=msg vAlign=top><TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR class=msghead><TD class=msgbfr1 width="1%"> </TD><TD><TABLE cellSpacing=0 cellPadding=0 border=0><TBODY><TR class=msghead><TD class=msgF noWrap align=right width="1%">From: </TD><TD class=msgFname noWrap width="68%">shiwangti (Qinhuang) <NOBR></NOBR> </TD><TD class=msgDate noWrap align=right width="30%">Aug-14 9:40 pm </TD></TR><TR class=msghead><TD class=msgT noWrap align=right width="1%" height=20>To: </TD><TD class=msgTname noWrap width="68%">ALL <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> (1 of 4) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft width="1%" rowSpan=4> </TD><TD class=wintiny noWrap align=right>727.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>Former Taiwan president Ah bian was deposed by Ma not long ago. During his trial in court, he admitted he had broken law and his wife had shifted an unspecified amount of money abroad from the campaign donations he received.
Former Thailand PM has escaped from Thailand amidst the corruption trial. Malaysia is going through a thorough Reformasi. Is MM Lee afraid of being investigated if PAP is defeated and is bent to using red herrings to threaten the voters very often nowadays if he got a change to speak up in the public. I believe the fear in him is just simply too great. Poor old man. Skeletons cannot be hidden forever if there are any, it will be exposed someday.

(08-14) 04:25 PDT TAIPEI, Taiwan (AP) --

Taiwan's former president admitted Thursday that he broke the law by not truthfully declaring campaign donations he received, and said that his wife sent an unspecified amount of money abroad.

Chen Shui-bian's statement followed a lawmaker's allegations earlier in the day that Chen's son and daughter-in-law moved $31 million to Switzerland in 2007. Hung Hsiu-chu of the ruling Nationalists said the money was then forwarded to the Cayman Islands.

Taiwan's Foreign Ministry confirmed Thursday that Swiss authorities had asked the island to cooperate in an unspecified case.

"We have passed the Swiss request to relevant agencies," Foreign Ministry spokesman Henry Chen said.

Speaking to reporters in Taipei, Chen admitted that he had erred by not fully disclosing donations he received in four political campaigns beginning in 1994, including his two successful bids for the presidency in 2000 and 2004.

"I did something not allowed by the law," he said.

Chen also said his wife sent an undisclosed amount of money to an unspecified foreign location, but insisted that the funds would be used to underwrite "Taiwanese diplomatic work" he would conduct in his post-presidential career.

"At the beginning of this year, my wife told me she wired money overseas left from previous campaigns," he said. "She didn't let me know beforehand."

In a written statement, Hung said that earlier this year Swiss federal prosecutors ordered the seizure of all papers related to the bank accounts of Chen's daughter-in-law, Huang Jui-ching.

Hung said that in early 2007, $21 million was wired to two accounts Huang controlled in Switzerland, before being moved to the Cayman Islands. Later in the year, an additional $10 million was moved to the Islands from a Swiss account controlled by Chen's son, Chen Chih-chung.

Chen left the presidency in May 2008, two months after the candidate of his Democratic Progressive Party was soundly beaten in the presidential poll by the then opposition Nationalists.

A major factor in the DPP's defeat was a series of high profile corruption cases involving Chen, his immediate family and inner circle.


[URL="http://www.asiamedia.ucla.edu/articl...parentid=95965"]http://www.asiamedia.ucla.edu/articl...parentid=95965[/URL]

TAIWAN: Chen denies tabloid report about money laundering

'Next' magazine reports that money remitted to the United States were from the former president and his wife's bank accounts and from dummy accounts used for stock trading

The China Post
Thursday, August 14, 2008

TAIPEI, Taiwan --- Former President Chen Shui-bian yesterday dismissed a report alleging that he had remitted NT$300 million out of Taiwan in an act of money laundering.

Chen's lawyer Lee Sheng-chen cited the former president describing the money laundering allegations in the Next magazine report as being "totally unfounded."

Lee said Chen had yet to instruct whether any legal actions would be taken against the magazine over the report.

The magazine, in its latest issue published yesterday, claimed that Chen in 2006 remitted the NT$300 million to the United States via bank accounts belonging to his daughter-in-law and her family.

The report cited high-level sources with prosecutors as revealing that the money were from the bank accounts of Chen and his wife, Wu Shu-chen, and several dummy accounts that the former first lady had used for stock trading.

Chen and his wife withdrew the money from the accounts shortly after a series of corruption scandals erupted implicating the former first family in 2006, the report claimed.

The remittance of the money out of Taiwan took place around the time when their son, Chen Chih-chung, flew alone to the United States, it added.

Investigators have also traced a total of almost NT$1 billion that the Chen family had transferred overseas, it said.

The magazine claimed that the investigators obtained the information through an international anti-money laundering alliance.

A former chief aide of Chen's, Lin Teh-hsun, had previously asked if the former president had remitted such large sums of money out of Taiwan after learning that investigators were taking a look into the matter, the report said.

Chen gave Lin a telling silent response, it said.

But Chen's lawyer said the former president and his wife could not have hidden their money overseas as they had declared all their assets with the government watchdog Control Yuan.

Lin reacted to the Next report by denying that he had ever asked the former president concerning the alleged sums, describing the report as "pure fabrication."

Chen is being investigated for allegedly embezzling the presidential state affairs expense account, for which his wife has already been indicted.

But both have denied the charges, with the president claiming that the allegedly misused money from state affairs expense account had been spent on secret diplomatic missions.

<HR SIZE=1>Edited 8/15/2008 12:41 am ET by shiwangti (Qinhuang)</TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE>
 

southwest

Alfrescian
Loyal
Is MM Lee afraid of being investigated if PAP is defeated and is bent to using red herrings to threaten the voters very often nowadays if he got a change to speak up in the public.

MM Lee know the winds of change are in the favor of the opposition. This is why after the opposition impressive gains in Malaysia, he talked about freak election results.

This is also why MM Lee dare not call a bye election in Bukit Batok because he knows the opposition no matter how crappy will win this time round as the winds is favoring them :smile:
 

southwest

Alfrescian
Loyal
The bye election issue is also being raised by the two NMPs and shall be debated at the next sitting. Let's see what kinda reply will we get to hear :cool:

That will be most interesting. Looking forward to see what the PAP has to say. :biggrin:
 

Cestbon

Alfrescian (Inf)
Asset
It is matter of time opp MP getting more seat in Parliment. The longer it take more ugly if finding by opp and show it in the media.
That why you can see so many corruption case by top officer or on the court table and many still under corruption invetigation in Malaysia after big win by opposition.
Next election opp will gain few seat but in next 2 election I predict opp will win big but not enough to form goverment. Then we will the the ugly side or how dirty inside management for few decade.
 

The_Latest_H

Alfrescian
Loyal
<TABLE id=msgUN cellSpacing=3 cellPadding=0 width="100%" border=0><TBODY><TR><TD id=msgUNsubj vAlign=top>Coffee Shop Talk - No wonder MM Lee is scared losing power</TD><TD id=msgunetc noWrap align=right>
icon.aspx
Subscribe </TD></TR></TBODY></TABLE><TABLE class=msgtable cellSpacing=0 cellPadding=0 width="96%"><TBODY><TR><TD class=msg vAlign=top><TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR class=msghead><TD class=msgbfr1 width="1%"> </TD><TD><TABLE cellSpacing=0 cellPadding=0 border=0><TBODY><TR class=msghead><TD class=msgF noWrap align=right width="1%">From: </TD><TD class=msgFname noWrap width="68%">shiwangti (Qinhuang) <NOBR></NOBR> </TD><TD class=msgDate noWrap align=right width="30%">Aug-14 9:40 pm </TD></TR><TR class=msghead><TD class=msgT noWrap align=right width="1%" height=20>To: </TD><TD class=msgTname noWrap width="68%">ALL <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> (1 of 4) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft width="1%" rowSpan=4> </TD><TD class=wintiny noWrap align=right>727.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>Former Taiwan president Ah bian was deposed by Ma not long ago. During his trial in court, he admitted he had broken law and his wife had shifted an unspecified amount of money abroad from the campaign donations he received.
Former Thailand PM has escaped from Thailand amidst the corruption trial. Malaysia is going through a thorough Reformasi. Is MM Lee afraid of being investigated if PAP is defeated and is bent to using red herrings to threaten the voters very often nowadays if he got a change to speak up in the public. I believe the fear in him is just simply too great. Poor old man. Skeletons cannot be hidden forever if there are any, it will be exposed someday.

(08-14) 04:25 PDT TAIPEI, Taiwan (AP) --

Taiwan's former president admitted Thursday that he broke the law by not truthfully declaring campaign donations he received, and said that his wife sent an unspecified amount of money abroad.

Chen Shui-bian's statement followed a lawmaker's allegations earlier in the day that Chen's son and daughter-in-law moved $31 million to Switzerland in 2007. Hung Hsiu-chu of the ruling Nationalists said the money was then forwarded to the Cayman Islands.

Taiwan's Foreign Ministry confirmed Thursday that Swiss authorities had asked the island to cooperate in an unspecified case.

"We have passed the Swiss request to relevant agencies," Foreign Ministry spokesman Henry Chen said.

Speaking to reporters in Taipei, Chen admitted that he had erred by not fully disclosing donations he received in four political campaigns beginning in 1994, including his two successful bids for the presidency in 2000 and 2004.

"I did something not allowed by the law," he said.

Chen also said his wife sent an undisclosed amount of money to an unspecified foreign location, but insisted that the funds would be used to underwrite "Taiwanese diplomatic work" he would conduct in his post-presidential career.

"At the beginning of this year, my wife told me she wired money overseas left from previous campaigns," he said. "She didn't let me know beforehand."

In a written statement, Hung said that earlier this year Swiss federal prosecutors ordered the seizure of all papers related to the bank accounts of Chen's daughter-in-law, Huang Jui-ching.

Hung said that in early 2007, $21 million was wired to two accounts Huang controlled in Switzerland, before being moved to the Cayman Islands. Later in the year, an additional $10 million was moved to the Islands from a Swiss account controlled by Chen's son, Chen Chih-chung.

Chen left the presidency in May 2008, two months after the candidate of his Democratic Progressive Party was soundly beaten in the presidential poll by the then opposition Nationalists.

A major factor in the DPP's defeat was a series of high profile corruption cases involving Chen, his immediate family and inner circle.


[URL="http://www.asiamedia.ucla.edu/articl...parentid=95965"]http://www.asiamedia.ucla.edu/articl...parentid=95965[/URL]

TAIWAN: Chen denies tabloid report about money laundering

'Next' magazine reports that money remitted to the United States were from the former president and his wife's bank accounts and from dummy accounts used for stock trading

The China Post
Thursday, August 14, 2008

TAIPEI, Taiwan --- Former President Chen Shui-bian yesterday dismissed a report alleging that he had remitted NT$300 million out of Taiwan in an act of money laundering.

Chen's lawyer Lee Sheng-chen cited the former president describing the money laundering allegations in the Next magazine report as being "totally unfounded."

Lee said Chen had yet to instruct whether any legal actions would be taken against the magazine over the report.

The magazine, in its latest issue published yesterday, claimed that Chen in 2006 remitted the NT$300 million to the United States via bank accounts belonging to his daughter-in-law and her family.

The report cited high-level sources with prosecutors as revealing that the money were from the bank accounts of Chen and his wife, Wu Shu-chen, and several dummy accounts that the former first lady had used for stock trading.

Chen and his wife withdrew the money from the accounts shortly after a series of corruption scandals erupted implicating the former first family in 2006, the report claimed.

The remittance of the money out of Taiwan took place around the time when their son, Chen Chih-chung, flew alone to the United States, it added.

Investigators have also traced a total of almost NT$1 billion that the Chen family had transferred overseas, it said.

The magazine claimed that the investigators obtained the information through an international anti-money laundering alliance.

A former chief aide of Chen's, Lin Teh-hsun, had previously asked if the former president had remitted such large sums of money out of Taiwan after learning that investigators were taking a look into the matter, the report said.

Chen gave Lin a telling silent response, it said.

But Chen's lawyer said the former president and his wife could not have hidden their money overseas as they had declared all their assets with the government watchdog Control Yuan.

Lin reacted to the Next report by denying that he had ever asked the former president concerning the alleged sums, describing the report as "pure fabrication."

Chen is being investigated for allegedly embezzling the presidential state affairs expense account, for which his wife has already been indicted.

But both have denied the charges, with the president claiming that the allegedly misused money from state affairs expense account had been spent on secret diplomatic missions.

<HR SIZE=1>Edited 8/15/2008 12:41 am ET by shiwangti (Qinhuang)</TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE>

It goes to show how effective a system of checks and balances are when a ex-president is caught for doing something illegal. Its President Chen's comeuppance.
 

toolanliao

Alfrescian
Loyal
The bye election issue is also being raised by the two NMPs and shall be debated at the next sitting. Let's see what kinda reply will we get to hear :cool:

why is it called a bye election? is it because you will say bye to that someone who gets elected out?
 

hunter

Alfrescian
Loyal
No wonder MM Lee is scared losing power

All regimes has a fixed number of life. All will crumble one day. It is a matter of time. The more millions they squandered, the faster it will fall :biggrin: :biggrin: :biggrin:
 

i1u12

Alfrescian
Loyal
MM Lee know the winds of change are in the favor of the opposition. This is why after the opposition impressive gains in Malaysia, he talked about freak election results.

This is also why MM Lee dare not call a bye election in Bukit Batok because he knows the opposition no matter how crappy will win this time round as the winds is favoring them :smile:

With the present climate there is no way a bye election will be held.
 

Himerus

Alfrescian
Loyal
Looking forward to see what the PAP has to say. :biggrin:

bro,i think they will say,the election rules & regulation do not require that if a seat in the GRC is vacated for reasons,there is a need for an by-election.
but it states that his/her duties in the ward,will be distributed to the other MPs in the GRC team.
another reason will be cost.
 

david

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Loyal
It is matter of time opp MP getting more seat in Parliment. The longer it take more ugly if finding by opp and show it in the media.

Next election, they will surely be more opposition MPs. The 2 current members, CST and LTK are quite "boring".

They are not like JBJ with so much energy and probing.
 

The_Latest_H

Alfrescian
Loyal
bro,i think they will say,the election rules & regulation do not require that if a seat in the GRC is vacated for reasons,there is a need for an by-election.
but it states that his/her duties in the ward,will be distributed to the other MPs in the GRC team.
another reason will be cost.

That's their official reason. But when it comes to politicians, they always need official, politically correct reasons to cover their ass. The truth is that they are scared of by elections. They have seen the loss of Anson, one man one vote, and have observed by elections in both in Asian democracies and in the west. If you need a recent example, look at the UK, where Gordon Brown is in deep trouble on both sides due to a recent spat of losses in several recent by elections.

So they changed the law so as to prevent any by-elections even when a MP is completely incapacitated or has passed away. This law retains executive control of the executive side over the legislative assembly and prevents the empowerment of the people.

So believe me, when they said its because they can handle it, its actually not so. Its more like they cannot, because of the current economical climate, and because LKY doesn't want to lose face alongside his son. And LHL will kena worse because he's gonna be around longer than his father. The costs for the younger Lee are higher than the older one, simply because of age.
 

hughgrant

Alfrescian
Loyal
Next election, they will surely be more opposition MPs. The 2 current members, CST and LTK are quite "boring".

They are not like JBJ with so much energy and probing.

then again, so many people complain about PAP but come election time all guai guai vote for them
 

kitkat

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Loyal
hughgrant said:
then again, so many people complain about PAP but come election time all guai guai vote for them<!-- / message -->

That's true. In the previous elections, there was no FT issues. With FT in the equation, things may be different.

Judging from growing support in TBT campaigns, the situation may be different this time round. :smile:

But I could be wrong, throw some goodies at sinkies, they may all guai guai vote for PAP :(
 

Soundwave

Alfrescian
Loyal
A by-election of 1 GRC will not cost the current regime to lose power. However, it will be a major embarrassment should they lose.
 

Adidas

Alfrescian
Loyal
they cannot afford to lose a GRC,else the domino effect for the next election will be too great for them to handle.
they can afford to lose those single ward. like in one of the election,there was 4-5 opposition in the parliament. too bad those opposition did not go a good job and lost it.
they should have built on it like Chiam and Low.
then maybe we can have more opposition and real voices in the parliament.
 

wizard

Alfrescian
Loyal
<<A by-election of 1 GRC will not cost the current regime to lose power. However, it will be a major embarrassment should they lose...

Remember Anson.
 

ahpong

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Loyal
then again, so many people complain about PAP but come election time all guai guai vote for them

We may be like the proverbial elephant tied to a small tree since young. It is the psycology barrier that makes him gave up trying to escape, even though he is strong enough to break away. The self-inflicted fear of the old man dictates the way the people voted.

Changes maybe on the way. When we see other elephants from neighbouring countries escape, or when we are forced to the corner and become desperate. We just have to be patient. Big things don't take place over night.
 
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