AGO report on MCCY, Minister Grace Fu chut pattern
The AGO report has revealed lots of lapses, including an eye-popping $410,000 consultancy fee for a $470,000 bin centre. Whoever authorised the payment at the National Arts Centre has to be held accountable and the MCCY owes the public an explanation. Instead, MCCY Minister Grace Fu defended her subordinate and claimed that...
Who will be accountable for all the lapses in the AGO report?
The inadequate financial controls and weak governance report by the AGO sound like it was made from a neighbouring third world country but shockingly it happened in our first world status nation. For the second year running, lapses were found in most major ministries and some of the financial mishaps made WP's APHTEC misgivings...
Why is it that SAF Officers can choose their retirement plans while CPF members cannot?
The AGO report certainly shone a light on something very interesting in my view. This is the unauthorised investment of circa $50m in US Real Estate Investment Trust and Exchange Traded Fund. The interesting bit is not the unauthorised investment which is not uncommon in asset management (usually because authorisation is slow...
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