ACTING ON HDB'S INSTRUCTION, WP-run town council AHTC has appointed an independent panel to look into overpayments highlighted by KPMG in their extensive audit of the town council.
The panel, which will comprise senior counsel Philip Jeyaretnam, senior counsel N. Sreenivasan, and KPMG managing partner Ong Pang Thye, will consider if the payments can be recovered and take other follow-up actions.
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HDB had asked AHTC to appoint a third party to recover the improper payments made from town council funds. These include overpayments and payments without proper certification of work being done, among other things.
KPMG had traced some of the improper payments made to AHTC's then managing agent FM Solutions and Services.
The panel will have the power to make demands and come to settlements on behalf of AHTC, among other things. It can also request the cooperation of AHTC members to provide necessary documents, and update AHTC and HDB on the progress of its work.
HDB said yesterday that the KPMG report on improper payments had flagged regulatory breaches by AHTC and also pointed out that the town council's "failed control environment exposed public funds to the potential for misappropriation and civil or criminal breach of trust".
It added that KPMG had said AHTC may potentially recover some of the losses from the town councillors if they were found to have breached their fiduciary duties. "The independent panel will consider what recovery actions should be taken, in respect of the findings in the report," HDB said.
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HDB had asked AHTC to appoint a third party to recover the improper payments made from town council funds. These include overpayments and payments without proper certification of work being done, among other things.
KPMG had traced some of the improper payments made to AHTC's then managing agent FM Solutions and Services.
The panel will have the power to make demands and come to settlements on behalf of AHTC, among other things. It can also request the cooperation of AHTC members to provide necessary documents, and update AHTC and HDB on the progress of its work.
HDB said yesterday that the KPMG report on improper payments had flagged regulatory breaches by AHTC and also pointed out that the town council's "failed control environment exposed public funds to the potential for misappropriation and civil or criminal breach of trust".
It added that KPMG had said AHTC may potentially recover some of the losses from the town councillors if they were found to have breached their fiduciary duties. "The independent panel will consider what recovery actions should be taken, in respect of the findings in the report," HDB said.
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