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Action Information Managament Pte Ltd - The Untold Stories - 2012/13 Edition SBF

  • Thread starter Thread starter TuaBui
  • Start date Start date
Especially when the cut-and-dried case of the foldable bikes episode is yet to be concluded. Are they waiting, as in the City Harvest legal proceedings, for a Queen’s Counsel to be approved?

Mr Lee also referred to “lapses by persons in senior positions”, which the press take to mean Monday night intercourse hosted by the Speaker of the House. When he should be taking aim at the intellectual property for cash swap between Teo Ho Pin and Chandra Das.

Fast recap. Software developed by NCS (previously known as National Computer Systems) charged to Town Councils. Sold for a song to Action Information Management Pte Ltd (AIM). NCS subsequently bills AIM for maintenance of the same software, and AIM bills Town Councils for same – presumably with a middle man’s mark-up buried somewhere, of course. Sounds a wee bit like the “round tripping” accounting sleight of hand City Harvest folks are charged with, doesn’t it? Except that the money involved in the merry go round is not from willing contributors but squeezed out of the constituents under the guise of Service and Conservancy Charges. Constituents who are regularly threatened with a $1000 fine for a late payment of $100.

Confucius said: “A gentleman must guard himself against three dangers. When young, as the energy of the blood is still in turmoil, he should guard against lust. In his maturity, as the energy of the blood is at his full, he should guard against rage. In old age, as the energy of the blood is on the wane, he should guard against rapacity.” (Simon Leys, The Analects, 16.7, p. 82)

That’s rapacity as defined as “the state or quality of being excessively greedy or given to theft”.
 
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