Monday, 7 September 2015

Why did the opening balance in AHPETC's financial statements become unverifiable?


And so, responding to ESM Goh's analogy that PAP is a cruise ship with a destination, WP Chief Low Thia Khiang said the name of that ship is Titanic. Great rejoinder, we'd say. 

There are values that float a ship and these values are honesty and integrity. 

Low Thia Khiang blatantly lied to Singaporeans at his rally. They had not done anything wrong because they were not in jail, he said. 

And this is despite what the high court judge Quentin Loh had said concerning AHPETC, that if AHPETC was a managing corporation, he had 'no doubt that AHPETC or its officers would be exposed to the possibility of civil liability or in the extreme scenario, criminal liability'.
These are very strong words from a judge. Yet Low Thia Khiang shrugged them off and dared to claim that they had done nothing wrong. 

Not only that, he sought to use Punggol East as a smokescreen to turn attention away from AHPETC. It is as if a 'deficit' discovered in Punggol East would make all the lapses and systemic weaknesses at AHPETC acceptable. 

Well, Punggol East had their accounts audited and they were given a clean bill of heath.

Dear Singaporeans, here's a point we must all take serious note. 

When WP took over Aljunied TC from PAP, they also took over CLEAN AUDITED ACCOUNTS CLEARED BY AUDITORS. 

When they took over Punggol East, they also took over CLEAN AUDITED ACCOUNTS CLEARED BY AUDITORS.

So we've got to ask this question. 

How on earth did the opening balance in their financial accounts become UNVERIFIABLE since they took over audited accounts?

Do you know that ever since they took over Aljunied GRC, auditors - and we are talking about their own appointed auditors, not the government - have not been able to verify the opening balances? 

Their auditors also noted that they did not make available to auditors. the auditors' notes of previous auditors. Why did they withhold these notes from their auditors? Is WP hiding anything? 

Whatever the design of the PAP ship, the WP's ship is definitely not designed to float Singapore. 

It is a ship that is designed to float WP at the expense of Singapore.

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