CPIB assistant director charged with fraud, S$1.7m

[winnipegjets]

I hope to be wrong here but something inside me tells me this chap could emulate TCW. I pray he won't. For the sake of his family.

LHL gives him a deal ...his family will be taken care of but he must do the honourable thing to spare more embarrassment for the government. He wonders if he can trust LHL?

 

[GoldenDragon]

Good food on board?

No idea. Yet to visit. But if want to 'fight' with MBS and RWS, they need to rival or even better what is given on mainland. Knowing Ngeow Cher, he will do almost anything to win this battle. Prior to the announcement, he went around telling everyone he secured the junket license. Was quite malu when the news came out.

 

[GoldenDragon]

They will rush back to sinkapore eventually as it is hard for them to adjust to the Aussie way of life.

They are in North America. Btw, why hard to adjust to Aussie way of life?

 

[winnipegjets]

They are in North America. Btw, why hard to adjust to Aussie way of life?

Aussies are less accepting of non-whites and that impedes successful integration to Aussie society.

 

[winnipegjets]

No idea. Yet to visit. But if want to 'fight' with MBS and RWS, they need to rival or even better what is given on mainland. Knowing Ngeow Cher, he will do almost anything to win this battle. Prior to the announcement, he went around telling everyone he secured the junket license. Was quite malu when the news came out.

Competition is good. If he becomes too successful and the two casinos are not profitable up to expectations, you can count on the PAP to help out the latter by restricting the competition.
Does the government have direct or indirect investments in the casinos?

 

[soikee]

The salary may be lower but they enjoy all sorts of hidden perks behind the scenes and they pull a variety of stunts in order to rip off the taxpayer.

In Singapore, the politicians are honest and full of integrity. In other countries, the politicians are a bunch of crooks.

What a fucking liar your lau-yeow-siew is to go on national TV to make such statement while his CPIB assistant director was held in custody for corruption.

 

[GoldenDragon]

Does the government have direct or indirect investments in the casinos?

Apologies, no idea, bro.

 

[GoldenDragon]

What a fucking liar your lau-yeow-siew is to go on national TV to make such statement while his CPIB assistant director was held in custody for corruption.

LKY should come clean. How many ministers (past and present) were once under probe? Was one removed from his ministry when it was a 50-50 case whereby his relatives were favoured?

 

[Merl Haggard]

Nowadays need not travel to Genting as a substitute. Ngeow Cher, a big time junket just started his cruise ship biz about 3 weeks ago and from what I heard, good crowd. Change 200-300, get refund for your ferry ticket. He was so upset CRA did not award him a junket license so now he is a rival of both MBS and RWS. His stable includes many big time gamblers. Tiger beer man was once his client.

Tikus or Ngeow Cher is Lim Bok Hoo.

I hear that Bok Hoo has diversified from RWS cos most of the big-timers are avoiding RWS to patronize MBS and Macau.

 

[GoldenDragon]

Tikus or Ngeow Cher is Lim Bok Hoo.

I hear that Bok Hoo has diversified from RWS cos most of the big-timers are avoiding RWS to patronize MBS and Macau.

Only know him as Ngeow Cher. Understand his son is running the show.

 

[Merl Haggard]

Does the government have direct or indirect investments in the casinos?

GIC is a substantial shareholder of Las Vegas Sands which in turn owns MBS.

In late 2008 when LVS was on the verge of going belly up, Old Fart directed GIC to pump in US$5.5b into LVS otherwise they were not able to complete the MBS construction.

 

[songsongjurong]

uncanny resemblance...
believe it or not !l

What a fucking liar your lau-yeow-siew is to go on national TV to make such statement while his CPIB assistant director was held in custody for corruption.

 

[GoldenDragon]

uncanny resemblance...
believe it or not !l

The one in birthday suit more yien tao, the other a sien tao.

 

[Froggy]

Apologies, no idea, bro.

Doesn't make sense for government to invest in casinos because (1) the tax they collect from the gambling is already a pao-jiak money why risk with the business investment? (2) So since already pao-jiak why risk a bad name if kenna found out?

 

[Merl Haggard]

Doesn't make sense for government to invest in casinos because (1) the tax they collect from the gambling is already a pao-jiak money why risk with the business investment? (2) So since already pao-jiak why risk a bad name if kenna found out?

If GIC didn't pump in US$5.5b into LVS, Mr Sheldon Adelson was going to declare bankrupt and the development of MBS would have been abandoned.

If the MBS development was abandoned half way through construction, where would the old bastard put his face?

That is why after Adelson came down to negotiate with him for one week at the Istana, he directed GIC to put up US$5.5b which turned out to be a blessing in disguise.

GIC subscribed $5.5b to LVS shares at $5 per share and today it's trading at $56.

 

[Froggy]

If GIC didn't pump in US$5.5b into LVS, Mr Sheldon Adelson was going to declare bankrupt and the development of MBS would have been abandoned.

If the MBS development was abandoned half way through construction, where would the old bastard put his face?

That is why after Adelson came down to negotiate with him for one week at the Istana, he directed GIC to put up US$5.5b which turned out to be a blessing in disguise.

GIC subscribed $5.5b to LVS shares at $5 per share and today it's trading at $56.

Holy fuxx who said GIC and Temasick is losing our money? Thanks Mel, Dhanabalan and HooChink are going a great job.

 

[Merl Haggard]

Holy fuxx who said GIC and Temasick is losing our money? Thanks Mel, Dhanabalan and HooChink are going a great job.

This deal has got nothing to do with Whore Jinx, Dhana and Temasick.

It's about the old fart not wanting to lose face if MBS end up with a half completed IR development.

My estimate is that GIC made about 50b-60b on this investment.

 

[GoldenDragon]

My estimate is that GIC made about 50b-60b on this investment.

Wonderful! What father-in-law made, daughter-in-law loses.

 

[Froggy]

This deal has got nothing to do with Whore Jinx, Dhana and Temasick.

It's about the old fart not wanting to lose face if MBS end up with a half completed IR development.

My estimate is that GIC made about 50b-60b on this investment.

Merl you seem to be very knowledgeable about this, I respect. Salute! Hope you made some money from this too. Cheers!

 

[Merl Haggard]

Wonderful! What father-in-law made, daughter-in-law loses.

When old fart and his entourage visited Las Vegas on a one week exploratory trip, Sheldon personally went out of his way to look after him.

I was getting live reports from my pals working as senior executives in Sheldon's Venetian Mega Casino.