KPMG: Root causes of AHPETC lapses created by government’s Town Council Act

[Patriot]

KPMG: Root causes of AHPETC lapses created by government’s Town Council Act

By admin -

April 17, 2016




Screenshot from YouTube


KPMG, the independent accountant appointed by Opposition Town Council, AHPETC, concluded their findings that the root causes of the lapses were created by the Singapore government’s Town Council Act:

“The “root causes” “are fundamental to… systemic difficulties for AHTC in effectively and efficiently discharging its obligations” under the Town Councils Act and financial rules.”

KPMG also blamed the multiple lapses to the withdrawal of support by an accounting software company, AIM – a S$1 paid up capital company set up by 3 former PAP MPs. AIM discontinued their accounting services to the Town Council after the

Opposition party won Aljunied GRC, as a political move orchestrated by the ruling party.

Another root cause is the leaving of staffs under the town council’s financial department. Due to the high profile nature of the mess in financial accounts, most accounting companies are afraid of working with the Opposition Town Council. Two such accounting firms who agreed to work with AHPETC were character-assassinated by the government-controlled media, The Straits Times, who lambasted them for being “an one-man outfit” [See Straits Times report here] and even publishd their resumes in the article suggesting that they are inexperienced.

KPMG also found no wrongdoing or corruption on AHPETC’s part. The Ministry of National Development accepted KPMG’s explanation and agreed to disburse S$12.9 million of grants it incorrectly withheld over the past 4 years. National Development Minister Lawrence Wong is unavailable for comments on the case despite having the root cause being the Town Council Act.

http://statestimesreview.com/2016/04/17/kpmg-root-causes-of-ahpetc-lapses-created-by-governments-town-council-act/

 

[scroobal]

Are we surprised? In a proper democracy, those involved in the misappropriation of the Town Council software would have been charged in court. WP do have to carry some of the blame when their own selected agent started to screw them and also the debacle over the poorly screened accountant.

 

[winnipegjets]

Are we surprised? In a proper democracy, those involved in the misappropriation of the Town Council software would have been charged in court. WP do have to carry some of the blame when their own selected agent started to screw them and also the debacle over the poorly screened accountant.

Bullshit ...WP is blameless.

 

[JohnTan]

The root cause of the AHPETC lapses is the incompetence of the WP people running the town council.

 

[mojito]

Are we surprised? In a proper democracy, those involved in the misappropriation of the Town Council software would have been charged in court. WP do have to carry some of the blame when their own selected agent started to screw them and also the debacle over the poorly screened accountant.

Thanks to the PAP, all shady characters nominated by the WP have been exposed. If there were more opposition in parliament, the PAP would be spending all their time helping the opposition run their town councils instead of turning the economy around!

 

[Satyr]

Are we surprised? In a proper democracy, those involved in the misappropriation of the Town Council software would have been charged in court. WP do have to carry some of the blame when their own selected agent started to screw them and also the debacle over the poorly screened accountant.

WP needed to build their transition team before winning Aljunied. Going from one SMC to a large GRC is not a simple scale-up. Still, they are well positioned now, but the game is changing. Somehow I feel the SDP has much better plans not just to transition but to fully address alternative national policies. The WP cannot revel in their street-fighter persona for much longer.

 

[johnny333]

Thanks to the PAP, all shady characters nominated by the WP have been exposed. If there were more opposition in parliament, the PAP would be spending all their time helping the opposition run their town councils instead of turning the economy around!

If that was true the PAP would have already fixed the "opposition" & you would see the opposition going to jail. Instead the PAP can only smear the opposition because there is no evidence of any wrong doing.

There is plenty of skeletons in the closet of the PAP & that is why they will never relinquish power. If they did, I expect many PAP members would have to run road for their dubious actions.

 

[winnipegjets]

The root cause of the AHPETC lapses is the incompetence of the WP people running the town council.

Incompetence my foot. How much did the PAP spent on a forensic audit that came to nothing? That's incompetence.

To save face, the two PWC partners must say something mah ...it is so easy for accountants to poke holes ...but those are opinions. PAP then makes a big hooha over nothing. With the help of the PAP press, sinkees were sold lies and they swallow it like fools.

WPTC was so efficient in maintaining the estate that the PAP precincts were shamed.

A credible press would have highlighted this and questioned the PAP on this.

 

[shittypore]

PAP noes there are many ways to skin the cat, tis will not be the first and last.

 

[tanwahtiu]

scumbag PAP spent $million on finding problems that they politically fixed the opp.

It cant be that PAP won 70% votes in GE2015. Some dirty tricks were used to fixed the 70% winning votes.

Incompetence my foot. How much did the PAP spent on a forensic audit that came to nothing? That's incompetence.

To save face, the two PWC partners must say something mah ...it is so easy for accountants to poke holes ...but those are opinions. PAP then makes a big hooha over nothing. With the help of the PAP press, sinkees were sold lies and they swallow it like fools.

WPTC was so efficient in maintaining the estate that the PAP precincts were shamed.

A credible press would have highlighted this and questioned the PAP on this.

 

[Patriot]

scumbag PAP spent $million on finding problems that they politically fixed the opp.

It cant be that PAP won 70% votes in GE2015. Some dirty tricks were used to fixed the 70% winning votes.

 

[3_M]

Pap had milked enough political capital out of what is suppose to be a non issue. It time for a closure since election over.

 

[winnipegjets]

Because of economies of scale, the HDB was managing the estates at low costs. Now, it costs 5X as much, thanks to the bone-headed town councils scheme. It has not brought better services for us but has raised costs to the people, more money being paid out to PAP politicians and cronies and fatten the bureaucracy with NO gain.

To manage the estates ...we have town councils, MPs, Mayors ($500k position), HDB, MSO, two ministers and a few junior ministers. What the hell do they do? There is SO much overlapping!

Town Council scheme - Fattening PAP cronies using your tax dollars

Please tell foreign observers this is how corruption happens in sinkapore. Leegalized corruption.

 

[mojito]

Because of economies of scale, the HDB was managing the estates at low costs. Now, it costs 5X as much, thanks to the bone-headed town councils scheme. It has not brought better services for us but has raised costs to the people, more money being paid out to PAP politicians and cronies and fatten the bureaucracy with NO gain.

To manage the estates ...we have town councils, MPs, Mayors ($500k position), HDB, MSO, two ministers and a few junior ministers. What the hell do they do? There is SO much overlapping!

Town Council scheme - Fattening PAP cronies using your tax dollars

Please tell foreign observers this is how corruption happens in sinkapore. Leegalized corruption.

That is not corruption. The fruits of the nation's success is shared selflessly among Singaporeans. We created good jobs for our supporters and budding entreprenuers. More heads are better than none. They can learn from one another, ensuring residents get the best ideas among many good ones. It is a time of social renaissance. Glorious isn't it?