AHTC is now run by PAP via KPMG

WP's AHTC must make sinking fund transfer by April 15

The town council run by the Workers' Party has been given an extension of the deadline for making an overdue transfer of money due to its sinking fund.

It has until April 15 to do so, said town council chairman Pritam Singh yesterday.

The Aljunied-Hougang Town Council (AHTC) had been ordered by the Court of Appeal to make all outstanding transfers to its sinking fund by Feb 27. In January, AHTC told the court it had made the first of two transfers. But it was unable to make the remaining transfer by the given deadline.

Mr Singh said in a statement yesterday that the town council was given the extension on Wednesday. He also said AHTC has been working with the Ministry of National Development to receive the government grants for the fiscal years FY2014/15 and FY2015/16.

The ministry has withheld $14 million in operating grants to the town council, saying it will hand them over once safeguards are in place to ensure their proper use.

AHTC has been in a long-running dispute with the ministry and the Housing Board over the appointment of accountants to fix lapses in the town council. The matter was taken to court and the Court of Appeal ordered the town council on Nov 27 to appoint accountants to examine its books.

Earlier this week, AHTC said it would hire a team of accountants from KPMG to do the job. The accountants must submit their first monthly progress report to HDB by April 15, a deadline set by the court.

Lapses in the accounts were uncovered in a special audit by the Auditor-General's Office. It reported in February last year it had found major lapses in governance and compliance issues, including the failure to make timely sinking fund transfers.

WP should make its operations transparent and use the online media to show case how the PAP is running the AHTC.

That the WP puts up so little resistance to the PAP wrestling control suggest the WP is just a stooge of the PAP; it is not a true opposition party.

winnipegjets said:

WP should make its operations transparent and use the online media to show case how the PAP is running the AHTC.

That the WP puts up so little resistance to the PAP wrestling control suggest the WP is just a stooge of the PAP; it is not a true opposition party.

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Who is their leader says it all. To be fair, there are genuine chaps inside who wants to take a different direction but one obstacle remains and that*obstacle has s strong base.

I see Leon as their best and WP can only be real and not reel if and when Leon takes over. Internally, SL has made known her stance - she doesnt want to be Sec-Gen.

GoldenDragon said:

Who is their leader says it all. To be fair, there are genuine chaps inside who wants to take a different direction but one obstacle remains and that*obstacle has s strong base.

I see Leon as their best and WP can only be real and not reel if and when Leon takes over. Internally, SL has made known her stance - she doesnt want to be Sec-Gen.

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boss, what about chen shao mao?

I expect some WP people to be charged soon. Maybe they can join Kong Hee in prison. Only PAP is honest!

JohnTan said:

I expect some WP people to be charged soon. Maybe they can join Kong Hee in prison. Only PAP is honest!

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liddat go jail how long? u know?

First task kpmg need to do is to find that $1M so PAP MP said was transferred into account.

Oh wait, is for Punggol East right? And is now back to PAP ward. Still need to account for it else they be $1M short during next audit.

PAP downright dirty............ can't win use dirty tactic

JohnTan said:

I expect some WP people to be charged soon. Maybe they can join Kong Hee in prison. Only PAP is honest!

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How much did the PAP spent on getting two auditors to do a forensic audit? And what did they find? Nothing. To justify their hiring, all they can come up with SUBJECTIVE interpretation of lapses.
Then the PAP and the dumb court used that report to justify the takeover of the AHTC.

WP MPs should just walk out now ...they were elected to run the town councils but it is no longer under their charge. It is the PAP via KMPG that is running the show.