Serious Nasty Cunt How Weng Fan

[Scrooball (clone)]

Heck i am not even an Oppo supporter, but this nasty cunt really winds me up.

AHTC trial: FMSS' How Weng Fan calls WP's Sylvia Lim 'hopeless' town council chairman

Ms How Weng Fan, who was Aljunied-Hougang Town Council’s deputy secretary, also said she felt "played out" by former-WP chief Low Thia Khiang for appointing Ms Sylvia Lim as the chairman in 2011. PHOTO: LIANHE ZAOBAO
PUBLISHED
8 HOURS AGO
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Adrian Lim
SINGAPORE - In a phone conversation, a former key officer of the Aljunied-Hougang Town Council (AHTC) had described its chairman Sylvia Lim as "hopeless" and said the town council would die under her watch.

Ms How Weng Fan, who was AHTC's deputy secretary, also said she felt "played out" by former-WP chief Low Thia Khiang for appointing Ms Lim as the chairman in 2011 and had asked him to take over the position from Ms Lim.

In the 2016 phone conversation with an executive of audit firm KPMG, she went as far as to blame Ms Lim for the death of her husband, who was AHTC's secretary from 2011 to 2015.

A transcript of the conversation was read out by Senior Counsel Davinder Singh in the High Court on Monday (Oct 29) when he wrapped up his cross-examination of Ms How.

Monday was the 16th day of the hearing of a multimillion-dollar civil lawsuit brought against eight defendants, including Ms How and Ms Lim, over alleged improper payments AHTC made to its managing agent FM Solutions and Services (FMSS) and its service provider.
Ms How and her late husband, both WP supporters, were FMSS' main shareholders.


She had been contacted by the KPMG executive who wanted a meeting with her.

Related Story
AHTC trial: Town councillors say they could have exercised more options on hindsight
Related Story
AHTC trial: WP chairman Sylvia Lim gave FMSS heads up about tender, tainting it, says Davinder Singh
AHTC had appointed KPMG in 2016 to look into the town council's books, after a special audit by the Auditor-General's Office (AGO) found significant governance lapses at the town council.

Referencing the phone conversation, Mr Singh charged that when KPMG stepped in to do its review, everything Ms How and her husband had "worked for" with the other defendants to benefit FMSS, despite the conflict of interest, had started to "unravel".

It led to "fingers being pointed at each other", Mr Singh added, alluding to Ms How's scathing comments of Ms Lim.
Ms How initially disagreed with Mr Singh's statement.

But after he pointed out that in the phone conversation she had blamed Ms Lim for AHTC's problems, Ms How said this was because her husband had died and she held Ms Lim responsible for failing to stand up to the AGO report at the start. Ms How had told the KPMG executive: "You know I had to lose my husband in the process. And because of her (Ms Lim)."

Justice Kannan Ramesh asked her to further explain her remark.
Ms How said her husband was under a lot of pressure and "went through hell" to set up AHTC properly, amid the many problems it faced.
"Nobody wants to listen to the problems we were facing and going through," she added, pointing out that they had to deal with the AGO's investigations and audits from KPMG and PwC.

She said her husband was under great stress and died of a heart attack in Japan in 2015, adding that the media wrongly reported that he had an accident there.
Ms How also said that because of the AGO report, Ms Lim imposed liquidated damages of $250,000 on FMSS.

The court also heard on Monday that Ms How told KPMG the town council was not going to defend her because of an arbitration process between FMSS and AHTC.
"They don't know by not defending me, they are just digging their (own) grave," she had told the KPMG executive.

She added that "all the PAP (People's Action Party) needs to do is ask for my views of the (WP) MPs, I think they will die straight away".
Mr Singh asked Ms How what information she had that would destroy the WP MPs politically.

She said she did not have any, but that if the issue of financial governance was brought to court, they would all be "dragged through the m&d" because of the way the media would report on the situation and how the truth would be "inverted".

She said she had been put in a "living grave" because her company cannot get any contracts now. "With all the political bulls***, they (WP MPs) will die," she added. Justice Ramesh told Ms How to watch her language and she apologised, saying she got carried away.

Mr Singh asked Ms How what she meant when she said in the phone conversation that the "town council was going to die" if Ms Lim was the chairman.
She replied that it was because of Ms Lim's inexperience and the town council would similarly suffer if it had been any of the other new WP MPs who had taken over.
She further added on Monday that they were in a political situation and a new MP like Ms Lim would not have been able to handle a situation in which all the government bodies were coming at AHTC.

Things were political from the start, with the audits and the incumbent computer vendor withdrawing a Town Council Management System in 2011, she said.

 

[Scrooball (clone)]

AHPETC faced losses while agent's profits jumped 300%: MND

(Clockwise from top right) Mr Danny Loh Chong Meng, Mr Yeo Soon Fei and Ms How Weng Fan.
PUBLISHED
AUG 30, 2015, 5:00 AM SGT
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Such levels of profit margin are abnormal, says MND, which also says there was "gross profiteering" on the part of FMSS from its only client
Walter Sim
Japan Correspondent

The Ministry of National Development (MND) yesterday produced figures which show that in one year, the managing agent for the Workers' Party (WP) town council made a 300 per cent jump in profit after tax.
Its profit was around $510,000 in financial year 2012/13, and rose to over $2 million the following year.
But in this same period, the revenue of FM Solutions and Services (FMSS) rose by only 30 per cent, from $6.7 million to $8.8 million.

Related Story
WP hits back at MND, denying it overpaid
The ministry also noted that total payments by the town council to FMSS owners, who were at the time also senior officers of the town council, amounted to 22 per cent of the revenue in financial year 2012/2013 - and 36 per cent a year later.
Such levels of profit margin are "abnormal", said MND, which also said there was "gross profiteering" on the part of FMSS from its only client: the Aljunied-Hougang-Punggol East Town Council (AHPETC).

EVIDENCE OF PROFITEERING
Such levels of profit margin are abnormal... As AHPETC was FMSS' only client, these findings support MND's earlier concern that the town council had overpaid FMSS excessively.
MINISTRY OF NATIONAL DEVELOPMENT, on the 300 per cent rise in FMSS' profit after tax in one year​

"Had the town council not overpaid FMSS, it might well have had been able to break even."


FMSS, which was appointed by AHPETC from July 2011 until last month, is owned by long-time WP supporters Danny Loh and his wife How Weng Fan. Both were senior officers at the town council.

Two hours after MND issued its statement, Law Minister K. Shanmugam told reporters at a community event that AHPETC has stayed silent on related party transactions involving FMSS.

To prove his point, he pointed to statements by WP MPs that show their stance on the matter, including remarks by Mr Pritam Singh during a parliamentary debate in February on the findings of a special audit by the Auditor-General's Office. It detailed major lapses in accounting and governance at AHPETC.
Mr Singh had said: "Our duty is to the residents... Well, Minister, if you were a resident, I will answer your question."
Mr Shanmugam had said then: "Maybe there was no one taking money through the back door in the dark of the night, there was no need because the money was taken from the front door in broad daylight through all this overcharging."

Several other People's Action Party (PAP) leaders have also weighed in on the issue of AHPETC's financial mismanagement, which is shaping up to be a hot-button issue at the Sept 11 General Election.

Prime Minister Lee Hsien Loong, who is PAP secretary-general, said at the launch of the party's manifesto yesterday morning that if an opposition party runs a town council like AHPETC, "I don't know where your service and conservancy charges (S&CC) money is going to go. Surpluses will turn into deficits. You will have problems for many years to come".

Deputy Prime Minister Tharman Shanmugaratnam, PAP's second assistant secretary-general, also underlined the gravity of the town council lapses last Friday, when he unveiled the PAP's slate for Aljunied GRC.
MND's statement came two days after the Accounting and Corporate Regulatory Authority (Acra) submitted its findings of an ad hoc review into FMSS' auditor, Teo Liang Chye & Co, to look into the quality of the managing agent's accounts and audit process.

Related Story
WP hits back at MND, denying it overpaid
The ministry had written to Acra on July 9, shortly after getting AHPETC's financial statements and reports for FY2013/2014. It asked Acra if it had any concerns about the quality of FMSS' accounts and the audit process. It did so after noting that AHPETC's auditors for FY2013/2014 found that AHPETC's then deputy general manager Yeo Soon Fei, who owns shares in FMSS, had certified FMSS invoices totalling $2.1 million on behalf of the town council. He subsequently approved related payment vouchers by the town council to FMSS, with no segregation of duties.

"This reinforced MND's concerns about the town council's state of financial management and, in particular, whether payments made by the town council were valid and proper," the ministry said.

Acra started its review on Aug 14, after giving FMSS' auditor the required one month's notice, and submitted its report to MND on Aug 27.
MND then wrote to WP chairman Sylvia Lim to ask, among other things, if she was aware of the extent of profiteering in FMSS and, if so, when she had known and what she had done about it. It also asked how she intends to recover the monies lost due to overpayment.

"As FMSS was paid using S&CC collections from residents and operating grants from the MND, public monies are at stake," MND said.
"What happened between the town council and FMSS is not a private matter, but one which MND needs to look into."

 

[sweetiepie]

KNN cunt how has the makings of slut whore @ginfreely type KNN

 

[Bad New Brown]

The husband and wife are smelly people

 

[PTADER]

AHPETC faced losses while agent's profits jumped 300%: MND"

Unless the government wants to keep this mini 1MDB scandal nonsense under wraps for self-serving political reasons, CPIB needs to step in and investigate.

The money trail will reveal everything, whether money or derivations of money, went into a WP slush fund or into the pockets of the WP triumvirate.

 

[sweetiepie]

The husband and wife are smelly people

KNN based on what highlighted in red by ts can see they are very smelly and ingrats, wart tart chow wart, exactly what slut whore @ginfreely will do in court KNN

 

[Scrooball (clone)]

Can u imagine the husband and wife and a couple of shareholders making $1.5 million in the first year, and then doubling it to $3 million the next year?!

Better than betting on bitcoin!

 

[Bad New Brown]

KNN based on what highlighted in red by ts can see they are very smelly and ingrats, wart tart chow wart, exactly what slut whore @ginfreely will do in court KNN

Ya bro, only know how to dig profits.

@ginfreely more worse, she attacked her fellow citizens

These type of old ingrates, nobody friend them or do a business with them.

 

[Bad New Brown]

Can u imagine the husband and wife and a couple of shareholders making $1.5 million in the first year, and then doubling it to $3 million the next year?!

Better than betting on bitcoin!

Make the wife cough back the $33 mil, she deserved to be punished

 

[winnipegjets]

Mr Singh charged that when KPMG stepped in to do its review, everything Ms How and her husband had "worked for" with the other defendants to benefit FMSS, despite the conflict of interest, had started to "unravel".

Another baseless accusation. This bayi has a good imagination and throwing all kinds of darts, hoping that one sticks. The judge should stop this hunting expedition. If bayi has an accusation, then he should prove it.

 

[winnipegjets]

Unless the government wants to keep this mini 1MDB scandal nonsense under wraps for self-serving political reasons, CPIB needs to step in and investigate.

The money trail will reveal everything, whether money or derivations of money, went into a WP slush fund or into the pockets of the WP triumvirate.

If there was a basis to bring CPIB in, they would have done so during the first and second audits.

 

[winnipegjets]

AHPETC faced losses while agent's profits jumped 300%: MND

(Clockwise from top right) Mr Danny Loh Chong Meng, Mr Yeo Soon Fei and Ms How Weng Fan.
PUBLISHED
AUG 30, 2015, 5:00 AM SGT
FACEBOOKTWITTEREMAIL

Such levels of profit margin are abnormal, says MND, which also says there was "gross profiteering" on the part of FMSS from its only client
Walter Sim
Japan Correspondent

The Ministry of National Development (MND) yesterday produced figures which show that in one year, the managing agent for the Workers' Party (WP) town council made a 300 per cent jump in profit after tax.
Its profit was around $510,000 in financial year 2012/13, and rose to over $2 million the following year.
But in this same period, the revenue of FM Solutions and Services (FMSS) rose by only 30 per cent, from $6.7 million to $8.8 million.

Related Story
WP hits back at MND, denying it overpaid
The ministry also noted that total payments by the town council to FMSS owners, who were at the time also senior officers of the town council, amounted to 22 per cent of the revenue in financial year 2012/2013 - and 36 per cent a year later.
Such levels of profit margin are "abnormal", said MND, which also said there was "gross profiteering" on the part of FMSS from its only client: the Aljunied-Hougang-Punggol East Town Council (AHPETC).

EVIDENCE OF PROFITEERING​

Such levels of profit margin are abnormal... As AHPETC was FMSS' only client, these findings support MND's earlier concern that the town council had overpaid FMSS excessively.​

MINISTRY OF NATIONAL DEVELOPMENT, on the 300 per cent rise in FMSS' profit after tax in one year​

"Had the town council not overpaid FMSS, it might well have had been able to break even."


FMSS, which was appointed by AHPETC from July 2011 until last month, is owned by long-time WP supporters Danny Loh and his wife How Weng Fan. Both were senior officers at the town council.

Two hours after MND issued its statement, Law Minister K. Shanmugam told reporters at a community event that AHPETC has stayed silent on related party transactions involving FMSS.

To prove his point, he pointed to statements by WP MPs that show their stance on the matter, including remarks by Mr Pritam Singh during a parliamentary debate in February on the findings of a special audit by the Auditor-General's Office. It detailed major lapses in accounting and governance at AHPETC.
Mr Singh had said: "Our duty is to the residents... Well, Minister, if you were a resident, I will answer your question."
Mr Shanmugam had said then: "Maybe there was no one taking money through the back door in the dark of the night, there was no need because the money was taken from the front door in broad daylight through all this overcharging."

Several other People's Action Party (PAP) leaders have also weighed in on the issue of AHPETC's financial mismanagement, which is shaping up to be a hot-button issue at the Sept 11 General Election.

Prime Minister Lee Hsien Loong, who is PAP secretary-general, said at the launch of the party's manifesto yesterday morning that if an opposition party runs a town council like AHPETC, "I don't know where your service and conservancy charges (S&CC) money is going to go. Surpluses will turn into deficits. You will have problems for many years to come".

Deputy Prime Minister Tharman Shanmugaratnam, PAP's second assistant secretary-general, also underlined the gravity of the town council lapses last Friday, when he unveiled the PAP's slate for Aljunied GRC.
MND's statement came two days after the Accounting and Corporate Regulatory Authority (Acra) submitted its findings of an ad hoc review into FMSS' auditor, Teo Liang Chye & Co, to look into the quality of the managing agent's accounts and audit process.

Related Story
WP hits back at MND, denying it overpaid
The ministry had written to Acra on July 9, shortly after getting AHPETC's financial statements and reports for FY2013/2014. It asked Acra if it had any concerns about the quality of FMSS' accounts and the audit process. It did so after noting that AHPETC's auditors for FY2013/2014 found that AHPETC's then deputy general manager Yeo Soon Fei, who owns shares in FMSS, had certified FMSS invoices totalling $2.1 million on behalf of the town council. He subsequently approved related payment vouchers by the town council to FMSS, with no segregation of duties.

"This reinforced MND's concerns about the town council's state of financial management and, in particular, whether payments made by the town council were valid and proper," the ministry said.

Acra started its review on Aug 14, after giving FMSS' auditor the required one month's notice, and submitted its report to MND on Aug 27.
MND then wrote to WP chairman Sylvia Lim to ask, among other things, if she was aware of the extent of profiteering in FMSS and, if so, when she had known and what she had done about it. It also asked how she intends to recover the monies lost due to overpayment.

"As FMSS was paid using S&CC collections from residents and operating grants from the MND, public monies are at stake," MND said.
"What happened between the town council and FMSS is not a private matter, but one which MND needs to look into."

Has the scope of work changed in the second year? If my memory is correct, the WP TC did not raise fees while PAP TCs have been raising fees. Also, WP TC did not accept a grant from MND; MND wanted WP TC to take the grant. All the PAP TC took the grant. That's why PAP TCs financials look good. They overspend, no problem. PAP will transfer more grants. No justification needed.

 

[winnipegjets]

Things were political from the start, with the audits and the incumbent computer vendor withdrawing a Town Council Management System in 2011, she said.

This is the angle that the WP trio should highlight ...the PAP forced WP into the situation. It had to find a estate management company and none would accept. Putting up a tender would be a waste of time. Time was of the essence.

 

[winnipegjets]

Since MND has done so much research, surely it must have a comparative spending document of the WP TC and that of a PAP TC. Let us see it. And the comparison has to be apple to apple.

 

[mojito]

Hopeless lah this WP. People try to help you u sue them. Who dare to help them again you tell me?

 

[mojito]

Can u imagine the husband and wife and a couple of shareholders making $1.5 million in the first year, and then doubling it to $3 million the next year?!

Better than betting on bitcoin!

You daft or what? 4 people work of course more salary than 3 people lah! Your kind of ignorant onli fit to data entry of course u don’t.

 

[Scrooball (clone)]

You daft or what? 4 people work of course more salary than 3 people lah! Your kind of ignorant onli fit to data entry of course u don’t.

U are seriously retarded.

There were 3 shareholders when they got $1.5 million in the FY2012/13. The next year FY2013/14, there were 4 shareholders, and they got $3.18 million. U know how to count?

Did your mother fuck some retarded asshole along the streets of Geylang to give birth to u?

 

[PTADER]

If there was a basis to bring CPIB in, they would have done so during the first and second audits.

Not if the competent PAP government wants to keep this compliant Wayang Party politically alive for the electorate to have a bit of shiok-sendiri and let off some steam.

If the PAP kills off or severely weakens the Wayang Party, a party that has taken pains to defend, praise and suck up to the PAP, another opposition party is guaranteed to rise and fill the vacuum left behind. And this time around, the vacuum may well be filled up by a genuine opposition party, one not beholden to the PAP and one with balls of steel and one which is not terrified by the PAP.

I am sure this is what Lee Hsien Loong is considering, weighing the pros and cons of getting CPIB, which sits directly under the PMO, to move in an investigate this mini 1MDB Singapore scandal.

 

[mojito]

U are seriously retarded.

There were 3 shareholders when they got $1.5 million in the FY2012/13. The next year FY2013/14, there were 4 shareholders, and they got $3.18 million. U know how to count?

Did your mother fuck some retarded asshole along the streets of Geylang to give birth to u?

Silly man lah you! Shareholders issue more shares to earn less? Of course earnings has to go up. You not only ignorant u gong dai dai!

 

[eatshitndie]

only raiders will say bonkable (and bankable).