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Serious HDB Ownself Side Ownself

rambo22

Alfrescian
Loyal
SINGAPORE — The Housing and Development Board (HDB) said yesterday it is studying the civil claims filed against several Workers’ Party (WP) town councillors — for alleged overpayments totalling S$33.7 million —and seeking advice from the Attorney-General’s Chambers on the matter.

Parliament was told on Monday that the Pasir Ris-Punggol Town Council had invested $4 million, or 2.7 per cent of its total funds, in financial products linked to the now-bankrupt Lehman Brothers investment bank.

It was one of eight town councils which had a total of $16 million exposed to various troubled products. These included Lehman Minibonds and the now worthless Merrill Lynch Jubilee Series 3 LinkEarner Notes.

when their own PAP town councils lost $$$ in toxic funds

why din HDB seek AG Chamber advise leh

cheesepie HDB
 
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zhihau

Super Moderator
SuperMod
Asset
Those Lehman bonds and other ventures were honest mistakes, let's move on!
Altogether now!!! Huat ah!!!
 
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