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Elite's Ferrari crash at Nicoll Highway got away with neligience
- Thread starter Watchman
- Start date
The Singapore Civil Defence Force (SCDF) said an ambulance arrived at the scene at 7.18am to find the man standing outside his car.
An SCDF spokesman said he had cuts on his arms and forehead.
When The Sunday Times visited the Lim Chai Meng, 36, at the Singapore General Hospital on Saturday, he did not seem seriously hurt.
He was in a room watching TV. He said he was "fine and resting" and declined to say more. - The Straits Times/ Asia New Network
Annual motor insurance premiums for a Ferrari can range between $8,000 to $20,000.
The safety features of the car had probably saved the driver's life.
An eyewitness said 'though the entire front of the car was smashed, the steering wheel and the driver's seat were still okay.'
The safety features include the roll-bar and the F1-Trac traction control system, which offers a high level of grip and stability.
A spokesman for Komoco Holdings, whose subsidiary Ital Auto is the distributor for Ferrari, declined to comment on the accident or the Ferrari's safety features.
Lim Chai Meng
Lim Chai Meng and Ho Yen Teck
According to the charges against Koh Seah Wee, he had conspired with two others - Lim Chai Meng and Ho Yen Teck - to award the IT maintenance contracts to firms which did not deliver the services.
However, SLA paid the firms which have turned out to be fictitious. Amounts paid ranged from $2,600 to $60,000.
The Singapore Land Authority (SLA) has been hit by a S$12 million fraud case involving two of its senior staff.
40-year-old Koh Seah Wee, a deputy director with SLA's Technology and Infrastructure Department, faces 249 charges of cheating while a second suspect, Christopher Lim Chai Meng, a manager in the same department, is currently helping the police with investigations.
The SLA, a statutory board under the Law Ministry, uncovered the fraud in June this year.
Investigations showed that a number of irregular payments in its Technology and Infrastructure Department took place between January 2008 and March 2010, worth nearly S$12 million.
SLA posts its tenders for IT maintenance services on the government procurement website.
As SLA's deputy director, Koh's level of approval allowed payments to be made to these shell companies.
Koh also faces several charges of using his ill-gotten gains to buy cars and properties.
The charges said that Koh had used the money to pay for a Lamborghini, Mercedes Benz cars, acquire property at Axis@Siglap along East Coast Terrace, and purchase various unit trusts.
The authorities have so far recovered cash and assets worth about $10 million of Koh's loot.
Koh was charged on June 25, and he is being defended by lawyer Ravinderpal Singh. His case will be mentioned again on October 19.
Koh is now in remand as he has not been able to raise the S$1.5 million bail offered to him.
Koh, who was posted back to the Infocomm Development Authority (IDA) in March this year, resigned three months later in June.
Lim returned to IDA in May this year and is currently assisting police with their investigations. He has since been suspended from duty.
According to a joint statement from the SLA and the Law Ministry, SLA had finance and procurement processes in accordance with government guidelines.
However, the two SLA officers were said to have conspired with each other and the business entities involved, which enabled them to circumvent the checks and balances.
The Law Ministry set up an independent review panel following the matter in June, and SLA has since implemented the panel's recommendations to improve its tender system, such as requiring an officer from a different department to verify the request to call a quotation.
It has also reduced the financial limit for approval of financial transactions by certain levels of officers.
SLA said disciplinary investigations have commenced in respect of two officers whose oversight might have allowed the fraud to take place undetected.
These investigations are in progress, and disciplinary action will be taken, if and where found appropriate.
SLA immediately reported the case to the police when the irregular payments were detected in June 2010.
SLA added that it did not go public any earlier as police investigations including the tracing of assets were on-going.
Investigations against Koh are only now largely completed and another tranche of charges was tendered against Koh in court earlier Tuesday morning, and this is the first appropriate opportunity for SLA to inform the public of the case.
Lim Chai Meng and Ho Yen Teck
According to the charges against Koh Seah Wee, he had conspired with two others - Lim Chai Meng and Ho Yen Teck - to award the IT maintenance contracts to firms which did not deliver the services.
However, SLA paid the firms which have turned out to be fictitious. Amounts paid ranged from $2,600 to $60,000.
The Singapore Land Authority (SLA) has been hit by a S$12 million fraud case involving two of its senior staff.
40-year-old Koh Seah Wee, a deputy director with SLA's Technology and Infrastructure Department, faces 249 charges of cheating while a second suspect, Christopher Lim Chai Meng, a manager in the same department, is currently helping the police with investigations.
The SLA, a statutory board under the Law Ministry, uncovered the fraud in June this year.
Investigations showed that a number of irregular payments in its Technology and Infrastructure Department took place between January 2008 and March 2010, worth nearly S$12 million.
SLA posts its tenders for IT maintenance services on the government procurement website.
As SLA's deputy director, Koh's level of approval allowed payments to be made to these shell companies.
Koh also faces several charges of using his ill-gotten gains to buy cars and properties.
The charges said that Koh had used the money to pay for a Lamborghini, Mercedes Benz cars, acquire property at Axis@Siglap along East Coast Terrace, and purchase various unit trusts.
The authorities have so far recovered cash and assets worth about $10 million of Koh's loot.
Koh was charged on June 25, and he is being defended by lawyer Ravinderpal Singh. His case will be mentioned again on October 19.
Koh is now in remand as he has not been able to raise the S$1.5 million bail offered to him.
Koh, who was posted back to the Infocomm Development Authority (IDA) in March this year, resigned three months later in June.
Lim returned to IDA in May this year and is currently assisting police with their investigations. He has since been suspended from duty.
According to a joint statement from the SLA and the Law Ministry, SLA had finance and procurement processes in accordance with government guidelines.
However, the two SLA officers were said to have conspired with each other and the business entities involved, which enabled them to circumvent the checks and balances.
The Law Ministry set up an independent review panel following the matter in June, and SLA has since implemented the panel's recommendations to improve its tender system, such as requiring an officer from a different department to verify the request to call a quotation.
It has also reduced the financial limit for approval of financial transactions by certain levels of officers.
SLA said disciplinary investigations have commenced in respect of two officers whose oversight might have allowed the fraud to take place undetected.
These investigations are in progress, and disciplinary action will be taken, if and where found appropriate.
SLA immediately reported the case to the police when the irregular payments were detected in June 2010.
SLA added that it did not go public any earlier as police investigations including the tracing of assets were on-going.
Investigations against Koh are only now largely completed and another tranche of charges was tendered against Koh in court earlier Tuesday morning, and this is the first appropriate opportunity for SLA to inform the public of the case.
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