Lawyer for HDB, Ms Aurill Kam asked, “Why have we spent two weeks looking for nominees that appear not to have met standards?
This all shows a lack of proper process and due care in selecting accountants."
In his closing judgment, Chief Justice Sundaresh Menon said:
“But this being a matter of public interest, and public funds should not be delayed further, and a process which has been without success cannot continue indefinitely... the concern should be to appoint an accountant who manifestly has the ability, experience and resources to complete the task.”
Concluded CJ Menon: “We direct the town council to appoint a team of qualified accountants from one of the ‘Big 4’ accounting firms – namely Pricewaterhousecoopers, Deloitte, KPMG, Ernst & Young – within two weeks, in order to undertake the identified tasks.”
In closing, lawyer for AHTC Mr Peter Low applied for ACRA’s PMP documents to not be released to the public, to which the court agreed to put in place an interim sealing order, subject to HDB’s submission to unseal the documents.
The court also called for AHTC’s first monthly progress report to be submitted on Apr 15.
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