
Eight observation points on opening statement by SC Chelva Retnam (Part 5 of 8)
5. PAST PRACTICE PRINCIPLE There was this interesting exchange between SC Rajah for the Defendants and KPMG auditor Owen Hawkes during the cross-examination yesterday. The KPMG Report is important because it forms the basis for the Plaintiffs’ claims against the WP MPs and town councillors. Rajah questioned Hawkes as to why...

Another flaw in argument why ministers’ pay must be linked to fat cats ‘ pay
Many of the people in the fat cats top earners list that the PAP govt uses to set the pay for ministers are senior bank executives But has thePAP govt ever tot about the banks’ KPI for bonus payments? “If you rob a bank, you go to jail. If a banker robs you, he gets a bonus,” says a UK minibus saleman who found he had...

‘Temasek’ and ‘GIC’ unable to prevent Hyflux from seeking court protection?
Although Temasek may not have any interest in Hyflux, it is a government-linked company. On Hyflux’s board are former paper colonel Gay Chee Cheong and Lau Wing Tat, former GIC senior management executive. Gay is also a director of Heliconia Capital Management Pte Ltd, a Temasek subsidiary. In 2010 when Gay bought 8...
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