Breaking news : Independent Auditors find questionable transactions amounting over S$1.5m

Now we know why WP has been so reluctant to resolve the AHPETC / AHTC Account mess.

Now we know why WP has been wanting to appoint their choice of incompetent Auditors.

Now we know why WP wants to have a "non-disclosure" clause before releasing the account documents to the Auditors and PRPTC.

As the Chinese proverb says, “紙包不住火“, which literally means that paper cannot cover fire.

The factual truth about how the AHPETC / AHTC 's sad state of financial affairs came about, will soon be exposed. 

Transparency and Accountability indeed. Let's wait and see what sort of lame excuses WP will come up with now.



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AHTC made millions in improper payments, KPMG flags concerns about criminal conduct

TODAY : http://www.todayonline.com/singapore/ahtc-made-millions-improper-payments-some-shortcomings-if-deliberate-could-amount-criminal

SINGAPORE — Independent auditors have found that flawed governance in the Workers’ Party-run Aljunied Hougang Town Council (AHTC) led to improper payments running into the millions to various parties, including to its former managing agent FM Solutions & Services (FMSS) and service provider FM Solutions and Integrated Services (FMSI).

In a report made public on the town council's website on Tuesday (Nov 1), KPMG said improper payments to FMSS and FMSI alone amounted to over S$1.5 million.

AHTC also overpaid when it appointed FMSS as its managing agent by more than S$1.2 million, said KPMG, which was appointed by AHTC on court orders to help fix compliance and governance lapses uncovered in a special audit by the Auditor-General’s Office.

Read the full article here : http://www.todayonline.com/singapore/ahtc-made-millions-improper-payments-some-shortcomings-if-deliberate-could-amount-criminal