AHPETC showed repeated non-compliance with Town Councils Act and Town Council Financial Rules.
AHPETC’s financial position has consistently deteriorated between FY11 and FY13, even though the TC received full government grants from MND during these three years.
It went from surplus to deficit while still receiving full government grants.
Sylvia Lim sought to give the impression that they did not transfer money to the sinking fund because grants were withheld from them. But the truth is that they failed to transfer money to the sinking fund even when they were in receipt of full government grants. The transfers were subsequently done at the request of auditors.
Justice Quentin Loh said:
"It is a travesty for AHPETC to have ignored their duties and obligations imposed on them by the Town Councils Act and the Town Council Financial Rules.
They owe a duty and a heavy responsibility to their constituents to run AHPETC properly and it is incumbent on them to put their house and finances in order.
If AHPETC were a managing corporation....I have no doubt that AHPETC or its officers will be exposed to the possibility of civil liability or, in an extreme scenario, criminal liability."
Reference:
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