Loan to IMF case - High Court says "NO OPEN TRIAL"

[Force 136]

High Court rejects application for open trial on S'pore's US$4b loan to IMF
By Ashley Chia | Posted: 20 September 2012 2029 hrs


SINGAPORE: The High Court has rejected Mr Kenneth Jeyaretnam's application for an open trial on the legality of Singapore's US$4 billion loan to the International Monetary Fund.

Mr Jeyaretnam's lawyer Louis Joseph told reporters that Justice Tan Lee Meng, who heard the trial in chambers on Thursday, said matters that were pure legal issues are usually heard in chambers.

However, Mr Jeyaretnam's application to sit in the chambers hearing was granted.

In his submissions, Mr Jeyaretnam asked Justice Tan to quash the Monetary Authority of Singapore's decision to pledge the loan as it was unconstitutional.

Even if successful, Mr Jeyaretnam has requested the Justice to declare the legality of the move.

Judgment for that has been reserved.

-CNA/ac

 

[Kinana]

I read the relevant statute, it is definitely illegal to make loan to IMF without parliamentary approval.

 

[Force 136]

First time Kaninabu bites the PAP hand that feeds him? How come never support his Master's voice ?

 

[laksaboy]

Of course. You think the fascists on this island dare to go against their globalist masters?

Try and recall how heavily fortified Suntec was when the IMF/World Bank came to Singapore for their meeting some years ago. Gurkha mercenaries armed with MP5 roaming the vicinity. Huge barricades set up.