Serious Shanmugam v. Bloomberg Defamation Case: Bloomberg winning!

[True Believer]

So in the end, Shan still wins and do no wrong under the law.

The wallabies are emerging from the shadows.

 

[True Believer]

Not bridery. Just good luck. How I know I bought a winning tickit in a lottery? Do not jelly.

The PAP leaders are able to "engineer" their own good luck. Like how they can decide their own wages.

 

[jsctan]

The seller has no dealings with the bank. He will go to his lawyer's office to pick up the cheque and sign any remaining paperwork. U never sell a house before?

Both done at A&G deh.... at arm's length

 

[batman1]

PAP people cannot handle any public comment not in their favour. Then use all sorts of bullying methods to whack people to say they are good party and leaders. Very sad for Singapore.

Pap people don't want people to know the truth because they Cannot handle the truth.555

 

[jsctan]

Thanks. Agree that it's highly plausible that OBS had a hand in this based on the timeline... but it's more likely he helped furnish a rich Chinese buyer with lots of money to launder.

So now there are 2 angles: OBS, and possibly dirty money.

Reminds me of this & OBS in F1 with our ex transport gian png minister

https://www.channelnewsasia.com/sin...ked-closely-uk-authorities-bank-trust-3674136

https://www.straitstimes.com/world/...lestone-spared-jail-after-admitting-tax-fraud

$30k fine is really small change. @batman1

 

[mojito]

The PAP leaders are able to "engineer" their own good luck. Like how they can decide their own wages.

Good luck. And good four sights. That is why they are chosen as leaders.

 

[A Singaporean]

Shanmugam and Tan See Leng celebrating before the judge has even made his ruling:

Please do not post fake news. Judges in Sickipoora have been made any rulings. They just read the rulings given to them by PAP.

 

[Papsmearer]

Reminds me of this & OBS in F1 with our ex transport gian png minister

https://www.channelnewsasia.com/sin...ked-closely-uk-authorities-bank-trust-3674136

https://www.straitstimes.com/world/...lestone-spared-jail-after-admitting-tax-fraud

$30k fine is really small change. @batman1

OBS briberies go all the way back to Nassim Jade. And that's only the tip of the iceberg. God knows how many other people he gave money to in the govt. If F1 owner Bernie Ecclestone did not go to trial in UK for tax evasion, this whole thing with Iswaran would still be a secret today.

 

[Papsmearer]

Please do not post fake news. Judges in Sickipoora have been made any rulings. They just read the rulings given to them by PAP.

hhahhahhahha. Yes. I know so many stories related to me by PAP insiders. This is true. Usually ruling come from the PeeM.

 

[jsctan]

hhahhahhahha. Yes. I know so many stories related to me by PAP insiders. This is true. Usually ruling come from the PeeM.

Country is not progressing if the court is politically influenced. Totally no separation of powers.

 

[Papsmearer]

According to Edwin Tong, SLA will know the identity of the beneficial owner under the trust, but the information will not be made public:

View attachment 239953

Pinky or Lawless Wrong can simply issue a statement saying that CPIB or MAS investigated this transaction, got the name of the beneficial owner from SLA and determined that this was a legitimate arms length transaction with no evidence of money laundering, etc. I think most of the public would be satisfied with such an explanation. But they did not. In fact, they helped Shan "hide" the transaction by not raising it up with the relevant authority for an internal audit.

 

[Papsmearer]

Country is not progressing if the court is politically influenced. Totally no separation of powers.

That is why I have said Singapore was better under the Colonial govt.

 

[Dongyi]

Tiagong buyer's lawyer is A&G, and seller's lawyer also A&G. Different lawyers working in the same law firm.

Buyer's lawyer knows the identity of the UBO but he will not tell seller's lawyer. Very professional one.

 

[Papsmearer]

Jialat. I really gave him the benefit of the doubt. He got to tell the truth since under oath.

The guy lied straight to court when asked about Oxley, even his best friend Lee Wei Ling, said so. Why would he tell the truth now? Shan lied in front of a Ministerial Committee.

Lee Wei Ling criticised Law Minister K Shanmugam after he said that he does not have a conflict of interest over his role in a Ministerial Committee exploring options for the Oxley Road house where the late prime minister Lee Kuan Yew lived.

In a Facebook post on Sunday (18 June), the late Lee’s daughter said about Shanmugam, “We were once very good friends and each had helped the other a great deal. Also Shan knows Pa’s real wish and concern as Pa consulted him when I invited Shan to Oxley.”

She called Shanmugam’s view on conflicts of interests “absurd”.

 

[Dongyi]

Pinky or Lawless Wrong can simply issue a statement saying that CPIB or MAS investigated this transaction, got the name of the beneficial owner from SLA and determined that this was a legitimate arms length transaction with no evidence of money laundering, etc. I think most of the public would be satisfied with such an explanation. But they did not. In fact, they helped Shan "hide" the transaction by not raising it up with the relevant authority for an internal audit.

It is good that these questions were raised in Parliament, and somewhat surprising that Bloomberg’s lawyers did not capitalize on these developments. Even before MP Louis Chua posed his question on 5 February 2025, additional queries regarding the purchase of GCBs through trusts had been tabled by NCMP Leong Mun Wai. The fact that MPs from both the ruling party and the opposition sought clarification on GCBs and the methods by which they are acquired underscores that Bloomberg’s reporting on this issue is clearly a matter of public interest, and these parliamentary exchanges could have been used to reinforce that argument.

 

[jsctan]

Put yourself in the position of UBS. Someone comes into your office to open a Nominee Trust account. Obviously a very high net worth individual. The individual gives you his personal information to open the account, he is required to do this. U ask him what is the purpose and goals of the Nominee account. He tells u he wants to open the account for the sole purpose of purchasing a GCB property. U ask him, how much is this GCB. He tells u $88 million. Later, he comes back with the sales agreement, and tells you he is wiring funds into the account for this legitimate purchase of a GCB. U look at the sales contract. It's got Shan's name on it. U escalate to your senior VP. Now exactly how hard will you, your Senior VP, and your money laundering department look into this transaction? Will u ask buyer(your own client) to prove source of funds? Would you ask buyer for how long these funds were at his disposal? Will u ask buyer for 5 years of income statements and net worth statements? Because if the buyer fails any of these steps, the money has to be reported to STRO and so exactly how tightly will u enforce this AML in your own bank? even if the buyer is a drug lord from Thailand, and brings in 20 suitcases full of cash to your office to deposit it to his Nominee account, the minute you flag it to STRO, they will freeze the money and the transaction is dead. Within the hour, u will have a personal call from Shan's listing agent to ask whether you and your boss want to explain to the Minister of Law why u flag this transaction, so he cannot sell his GCB for $88 million. Is this a call u and your boss want to take? This is the man that POFMA people left right and centre. The most vindictive Minister out there.

Now u ask your question again. Is this really a failure of the regulatory authorities or just self preservation?

If a person like OBS coming in and he has an account already. No need to go through opening a new account. Just whether UBS did their due diligence and made report.

 

[superpower]

Country is not progressing if the court is politically influenced. Totally no separation of powers.

Supreme court judges are appointed by the PM. Parliament is dominated by one party way beyond the proportion of the popular vote and that party forms the Executive.

Where is the separaration of powers between the executive, judiciary and legislature?

 

[k1976]

Country is not progressing if the court is politically influenced. Totally no separation of powers.

Cannot be…we are growing from small fishing kampong to Switzerland of the East de woh

Mission accomplished in 60yrs

 

[k1976]

The wallabies are emerging from the shadows.
View attachment 239978

No finger point , No Blaming culture hah

We are more transparent and transparent de woh

 

[jsctan]

Cannot be…we are growing from small fishing kampong to Switzerland of the East de woh

Mission accomplished in 60yrs

We can be the Switzerland of the East, banking money in Swiss bank very private. Now the bank can also help clients buy landed
property through trustee. 1 level up Swiss.
Got $88M, businessman can do so many things. Why buy a GCB at such a high price? Hoping to wait for appreciation till $100M?
Look at Hao Mart, get bank money to start more business.