Did Gahment do a 'Raffles Town CLUB' on us??

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Remember the Raffles Town Club saga involving Peter Lim and Dennis Foo? Members paid for what they thought was an exclusive club but the greedy directors decided to mass market the club membership until the sheer no of members resulted in overcrowding and dilution of the luster of the club itself. Did the gahment by adding 2m people on the sly over the last 2 years did the same thing to us??