Hen : Sorry, let's move on.

Defence Minister: Tough to clawback rent from firm that paid just $45 per year for land lease


The Minister for Defence has said that it will "be difficult to compute exact savings from the nominal rent" that a privatised company enjoyed due to a "land sublet at below fair market value" to the company.

He was replying to questions in Parliament, from Workers' Party MP Png Eng Huat, about how many years a privatised contractor had enjoyed paying a nominal rental of $45 a year for a land sublet; and whether the Ministry of Defence made any attempt to clawback the rental from the company. The annual rental was reportedly revised to $830,000 a year.

The issue apparently came to light in the Auditor-General's report for Financial Year 2013/2014.

In a written reply on Tuesday, Dr Ng Eng Hen said the company the land was leased to was Government-owned until 2000, and not required to pay rent as the goods and services it provided were solely in support of Mindef and the Singapore Armed Forces (SAF).

He added that the majority of the company's business is still in providing goods and services to Mindef, after it was privatised in 2000.

Dr Ng said that it was difficult to compute the exact savings the company enjoyed as "the land it leased was not solely for commercial use".

He apologised for the lapse and said that Mindef is reviewing other sub-lease contracts to "ensure compliance with good governance".

[email protected]

This company has been paying $45 in rent for the last 13 years. After the audit, the rent is $830k. For the period of 13 years, taxpayers were conned of $10 milllion.

Who owns this company? Connected to PAP?

It isn't difficult to get back the unpaid rent. Why is the PAP not pursuing this? Even asking for a nominal sum of $400k a year would garner $5.2 million for taxpayers.

Did not the FAP Traitors say before 'Cannot just say sorry. Must explain!'. So they should walk the talk and explain how the 'lapse' came about, who were responsible for the lapse, etc. In short, MUST EXPLAIN!

winnipegjets said:

This company has been paying $45 in rent for the last 13 years. After the audit, the rent is $830k. For the period of 13 years, taxpayers were conned of $10 milllion.

Who owns this company? Connected to PAP?

It isn't difficult to get back the unpaid rent. Why is the PAP not pursuing this? Even asking for a nominal sum of $400k a year would garner $5.2 million for taxpayers.

Click to expand...

Tink its the Goh Bros, whats ur Guess?

Sinkies shouldnt accept just a sorry. Must crawl back all monies. Next time FamiLEE absconds with billions, worse trillions, the govt then will say sorry and let's move on. No way, whoever in power must crawl back all the monies cheated!

winnipegjets said:

This company has been paying $45 in rent for the last 13 years. After the audit, the rent is $830k. For the period of 13 years, taxpayers were conned of $10 milllion.

Who owns this company? Connected to PAP?

It isn't difficult to get back the unpaid rent. Why is the PAP not pursuing this? Even asking for a nominal sum of $400k a year would garner $5.2 million for taxpayers.

Click to expand...

5-10 mils cheated. That's why the poor elderly in sinkieland have such a hard life.

makapaaa said:

Did not the FAP Traitors say before 'Cannot just say sorry. Must explain!'. So they should walk the talk and explain how the 'lapse' came about, who were responsible for the lapse, etc. In short, MUST EXPLAIN!

Click to expand...

This is known as selective amnesia, you owe Income tax money...you see how many years, they can claw back the money.... "members", have their privileges....

Monies THEY will claw back
Medisave, IRAS tax, hospital bills,fines,summons..

Even you go on your knees, they will still claw back somehow...

If you are JBJ, Chee, TLH, Francis Seow....you died, they will sued untill your pant dropped!!!

songsongjurong said:

Monies THEY will claw back
Medisave, IRAS tax, hospital bills,fines,summons..

Even you go on your knees, they will still claw back somehow...

Click to expand...

SgGoneWrong said:

Sinkies shouldnt accept just a sorry. Must crawl back all monies. Next time FamiLEE absconds with billions, worse trillions, the govt then will say sorry and let's move on. No way, whoever in power must crawl back all the monies cheated!

Click to expand...

...MUST CLAW BACK...

1. Bank of England said it would claw back 7 years bonuses paid to bank executives who has flouted the law.

2. My wife, a life planner has her commission clawed back for the toxic products Great Eastern sold to its customers.
( The Co. has approved sales of these investment linked products. Imagine, Toyota clawed back sales commission of salesmen who
sold cars that the Co recalled because of faulty parts)

Whether the co involved is govt linked or not, it is only right and proper to be accountable and be transparent about the transaction.

blardy FOOking good lord....

just apologie and thats it?

dont even have to be dragged to court ?

winnipegjets said:

Who owns this company? Connected to PAP?

Click to expand...

That's the million dollar question... till today, I still don't understand how this 'privatization' thing works. How does a public service becomes private? Does the private owner pays the government money to 'buy' the business?

In many cases, these privatized companies are given to Temasek/ GIC and then sold. So government gives Temasek money to buy government assets and then sold to private? Who's pocket is being lined? How are Singaporeans benefiting from this besides being slapped with poorer services and yet higher fees?

Boliao said:

That's the million dollar question... till today, I still don't understand how this 'privatization' thing works. How does a public service becomes private? Does the private owner pays the government money to 'buy' the business?

In many cases, these privatized companies are given to Temasek/ GIC and then sold. So government gives Temasek money to buy government assets and then sold to private? Who's pocket is being lined? How are Singaporeans benefiting from this besides being slapped with poorer services and yet higher fees?

Click to expand...

Govt must provide full particulars & explanations.............. clearly an irresponsible attempt to sweep it under the carpet!

MOM unable to provide breakdowns of 1.32 million FTs and now this liar refuse to take claw back legal actions.......... isn't taking legal actions what PAPigs are good for??

Also increasingly PAPigs show disrespect for our Parliament!!

kaipoh said:

If you are JBJ, Chee, TLH, Francis Seow....you died, they will sued untill your pant dropped!!!

Click to expand...

BUT if you are bankrupt, they allow you to live it up with limo n aircond apartment like Tan Bee Kee & Veronica Yeo Mui Joo who conned millions from creditors of Advanced Gravis - can you imagine a hokkien pheng whose father died when he was a young boy with his mother earning a living peeling batu hum......... ended up owning a semi-D n upmarket condo. He din even finish his O level this Tan Bee Kee & Veronica was pregnant by him while still schooling!

Sinkies don't give up. Dirty MIW must give accountability. These monies can be better spent on the majority. If they can get away this time as well (remember AIM), they will continue to treat sinkies like idiots.

Imagine this,

My company has a piece of land that can be leased out for 1 mil a year. On contract I let out to you for $45 dollars a year. Under the table you pay me $200k a year.

winnipegjets said:

This company has been paying $45 in rent for the last 13 years. After the audit, the rent is $830k. For the period of 13 years, taxpayers were conned of $10 milllion.

Who owns this company? Connected to PAP?

It isn't difficult to get back the unpaid rent. Why is the PAP not pursuing this? Even asking for a nominal sum of $400k a year would garner $5.2 million for taxpayers.

Click to expand...

They continue to laugh all the way to their banks
And all the way back from their banks

HA HA HA HA
HEE HEE HEE HE HEEEE
HOO HO HOOO HO HO




Hang those PAP maggots cockroaches with piano wires from lamp posts to make them dance before it is too late and we have no more CPF to get back.
BBQ those PAP maggots cockroaches before it is too late and we have no more CPF to get back.
Cut a few more arseholes into those PAP maggots cockroaches to let out their shit before it is too late and we have no more CPF to get back.
Make those PAP maggots cockroaches eat joss sticks and candle wax before it is too late and we have no more CPF to get back.



WE ALL ARE NOW WAITING FOR THE DEATH OF LKY IN COMING DAYS OR WEEKS.
WE ALL WILL YUM SENG AND YUM SENG AND YUM SENG AGAIN AND AGAIN DANCING SINGING ON TABLE TOPS AND STREETS
WE THEN WILL SEE THOSE IN PAP WITH SHARPENED KNIVES HOOTING ARSEHLOON A DOZEN NEW ARSEHOLES AND THE DEATH OF THE ENTIRE LEE KWA CLAN
WE THEN WILL PICK UP PIANO WIRES AND HANG ALL THOSE REMAINING PAP AND THEIR COLLABORATORS FROM LAMP POSTS AND SEE THOSE BASTARDS AND BITCHES DANCE.
AND HAPPINESS WILL RETURN TO OUR LAND.
AND STINKAPORE WILL BECOME SINGAPORE ONCE MORE.
https://www.torproject.org/about/overview.html.en

Bro, you missed out Ho Kok Chong, the developer of people park, he made bankrupt but still driving Mer 500 Car plate No. 888 Live like a king in thailand.

Hans168 said:

BUT if you are bankrupt, they allow you to live it up with limo n aircond apartment like Tan Bee Kee & Veronica Yeo Mui Joo who conned millions from creditors of Advanced Gravis - can you imagine a hokkien pheng whose father died when he was a young boy with his mother earning a living peeling batu hum......... ended up owning a semi-D n upmarket condo. He din even finish his O level this Tan Bee Kee & Veronica was pregnant by him while still schooling!

Click to expand...

kaipoh said:

Bro, you missed out Ho Kok Chong, the developer of people park, he made bankrupt but still driving Mer 500 Car plate No. 888 Live like a king in thailand.

Click to expand...

wonder whether his swimming pool in the people park apartment still there ?


advise vs advice
wonder vs wander

Boliao said:

That's the million dollar question... till today, I still don't understand how this 'privatization' thing works. How does a public service becomes private? Does the private owner pays the government money to 'buy' the business?

In many cases, these privatized companies are given to Temasek/ GIC and then sold. So government gives Temasek money to buy government assets and then sold to private? Who's pocket is being lined? How are Singaporeans benefiting from this besides being slapped with poorer services and yet higher fees?

Click to expand...

'Privatized' my ass. All you have to do is look is who gets appointed as CEO, who are members of the board of directors, and who owns the majority of those companies' shares.

I don't have to give specific examples. The usual suspects are found in telco, transport, real estate etc.