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2 PAP town councils open up - Sure Or Not?!

Porfirio Rubirosa

Alfrescian
Loyal
Teo Ho Pin continues to avoid and evade answering the valid and legitimate questions raised by Tan Kin Lian and Gilbert Goh viz the TCs failed investments. :rolleyes:

Dec 11, 2008
2 PAP town councils open up

TWO People's Action Party (PAP) town councils, which together had invested $12 million in troubled structured products, are giving their residents a more detailed explanation of their investments.
Holland-Bukit Panjang Town Council will send a circular - in the four official languages - to every one of its 53,000 households today.

Its chairman, Dr Teo Ho Pin, told The Straits Times the move was prompted by some residents' concerns on finding out that it had invested $8 million in the Lehman Brothers-linked Minibonds and the Merrill Lynch Jubilee Series 3.

Read Li Xueying's full story in Friday's edition of The Straits Times.
 
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