In memory of the Old Man - "a small development" called Nassim Jade

[scroobal]

According to Ah Gong's biography, he has donated all his monies to charity since 1990 and his fortune is worth less than a F15 aircraft. How did he afford to buy so many properties? JohnTan, do you know?

This is how it works.
a) Old man's direct income from employment, speaking and advisory engagement, royalties etc =$XXm
b) Old man's income from family investment (previously run by his wife and now by youngest son) =$YYm
c) Old man's wife's income from her business, fees, direct investment etc = $ZZm

What is in the book is only (a).

The wife was the foremost conveyancing expert in Singapore. Her clientele included the major developers and real estate agents. Any businessman with an ounce of grey matter who wants to be on inside track for a difficult project would go to Lee & Lee. She is after all a Queens Scholar, excelled in Cambridge and is married to the most powerful man in the land. You are not only getting the best brains, you also getting more than the best brains. The Commissioner of Land would tell his PA to say that he was not in when she called his office. He needed to compose himself before handling her. What does that tell you?

Now as a Lawyer, you are dealing with cream of new developments and old valuable land and houses in the best locations in Singapore. You would have a ringside seat on what are the good investments are for the last 40 years. What are you going to do with your income and fees? Do you donate it to Amos, Roy, Chee or some Tiong whose daughter was murdered.

Are you also going put everything under your own name or put it in company that you control and that company can provide a level of privacy for you and family from those with prying eyes.

There was a case where HDB owners, a couple that owned 3 bungalows thru their private company and made money from renting it out for years. HDB could do nothing.

Old man continued use of charities to generate goodwill and political capital has never convinced the smart Singaporeans. It does impress the majority though. And thats how you stay in power. Its the same majority that will also donate to Amos, Roy and to every sob story that comes their way. Its like the 2 clowns that initiated a charity drive for the mother of Dominique Sarron Lee and she gave it it SPH's charity of all people.

 

[bakkuttay]

According to Ah Gong's biography, he has donated all his monies to charity since 1990

did the sun come up from the west lately????

a dead old fart "lied" even in the grave.

did his book also say that oldfart loves "screwing" sinkies backsides??????

 

[shiokalingam]

@scroobal

If you didn't already know, Familee owns two office buildings in the heart of Manhattan, USA, among many other properties around the world. In France it owns a very famous landmark.

sir , can share more info ? tks

 

[shiokalingam]

Aw Tock Soon was in a hurry to migrate to Texas and he sold Jade House to HPL and Jit Poh Building to Ho Whye Cheong of Somerville Estate Pte Ltd.

Jade House sitting on 40,000 sq ft of freehold land was sold at $500 psf and Jit Poh Building was sold for $6m.

Aw TS married a Japanese wife ?

Haw Par Villa

Aw Boon Par

 

[soikee]

Aw TS married a Japanese wife ?

I only know that Tock Soon is the son of Aw Cheng Chye and the grandson of Aw Boon Par.

It was rumoured that Aw Cheng Chye at the age of 48 committed suicide in Chile when his family owned Chung Khiaw Bank was hostilely taken over by Slatter Walker.

 

[GoldenDragon]

Aw TS married a Japanese wife ?

Haw Par Villa

Aw Boon Par

wow, 8989 - fuck you, fuck you!

 

[Papsmearer]

According to Ah Gong's biography, he has donated all his monies to charity since 1990 and his fortune is worth less than a F15 aircraft. How did he afford to buy so many properties? JohnTan, do you know?

http://sammyboy.com/showthread.php?...come-Since-1990!!-Ah-Gong-Honest-And-Generous!

In 2006, a F-15K purchased by the Korean Air Force cost them USD$100 million each. Assuming this autobiography came out around that time, the questions begs be be asked how can a civil servant amass this sort of fortune? Definitely corruption.

 

[Papsmearer]

This is how it works.
a) Old man's direct income from employment, speaking and advisory engagement, royalties etc =$XXm
b) Old man's income from family investment (previously run by his wife and now by youngest son) =$YYm
c) Old man's wife's income from her business, fees, direct investment etc = $ZZm

What is in the book is only (a).

Every greedy despot knows the cardinal rule. never take the money directly yourself. there is no need to do that. You have the money flow through your wife, or son, or some other relatives and they invest it for you. That way, you appear to be clean. e.g Suharto had his wife Madam 10%, and ferdinand Marcos has his wife Imelda. mahathir had his son take it for him, and on and on it goes. No different for the case of Old fart. he will never be caught dead with the money in his hand while in office. Who is to say he did not make a personal call to maybe Lim Kim San, then CEO of HDB and ask him to default all legal conveyancing to his wife's law firm? After all, Lim Kim San was also a PAP politician. As well, many stat boards and govt Ministries also use Lee and lee for their legal work. If this is not a conflict of interest and outright corruption, then I don't know what is.

 

[Patriot]

 

[Papsmearer]

I only know that Tock Soon is the son of Aw Cheng Chye and the grandson of Aw Boon Par.

It was rumoured that Aw Cheng Chye at the age of 48 committed suicide in Chile when his family owned Chung Khiaw Bank was hostilely taken over by Slatter Walker.

Is Aw York Soon his nephew?

 

[longdongsilver]

http://sgforums.com/forums/10/topics/127699


Then came the parliamentary debate. Goh Chok Tong got up and proclaimed that there was no impropriety on the part of Lee Kuan Yew and Lee Hsien Loong in their purchase of the condos. Richard Hu echoed Goh's sentiments and exonerated the Lees of any wrong doing.

During the parliament session, Lee started going on and on about how much his wife was worth ($20 million in his estimate), how a hawker selling char kuay teow would upon seeing him give two eggs intead of one, and how tailors would be falling head over heels to tryito clothe him. He said almost everything except answer the real questions about the involvement of his whole family in the purchases and the breach of regulations by HPL. He so intimidated the four opposition members of parliament that none of them dared ask any question.

No questions allowed

>>>>>>
As much as I dislike LKY and PAP I agree with GCT's finding that is there was no impropriety on Lees part. The familee can be considered as layman when it comes property purchase , they would not know how much discount is considered not appropriate and if someone is willing to give them discount , why refuse? afterall they are same human beings like me and you , we all like sweet deals.

 

[GoldenDragon]

http://sgforums.com/forums/10/topics/127699


Then came the parliamentary debate. Goh Chok Tong got up and proclaimed that there was no impropriety on the part of Lee Kuan Yew and Lee Hsien Loong in their purchase of the condos. Richard Hu echoed Goh's sentiments and exonerated the Lees of any wrong doing.

During the parliament session, Lee started going on and on about how much his wife was worth ($20 million in his estimate), how a hawker selling char kuay teow would upon seeing him give two eggs intead of one, and how tailors would be falling head over heels to tryito clothe him. He said almost everything except answer the real questions about the involvement of his whole family in the purchases and the breach of regulations by HPL. He so intimidated the four opposition members of parliament that none of them dared ask any question.

No questions allowed

>>>>>>
As much as I dislike LKY and PAP I agree with GCT's finding that is there was no impropriety on Lees part. The familee can be considered as layman when it comes property purchase , they would not know how much discount is considered not appropriate and if someone is willing to give them discount , why refuse? afterall they are same human beings like me and you , we all like sweet deals.

not too sure if you are right. they are public figures afterall.

civil servants have been hauled up to cpib and charged if the discount on goods they received exceeds normal discount given and we are talking about hundreds of dollars only.

 

[Papsmearer]

http://sgforums.com/forums/10/topics/127699




>>>>>>
As much as I dislike LKY and PAP I agree with GCT's finding that is there was no impropriety on Lees part. The familee can be considered as layman when it comes property purchase , they would not know how much discount is considered not appropriate and if someone is willing to give them discount , why refuse? afterall they are same human beings like me and you , we all like sweet deals.

What kind of fuck logic is that? Ignorance of the law is not an excuse. If every one say they are not lawyers or police officers or judges and therefore only laymen with regards to the law, they can then get away with anything. If a policeman stops you for speeding, do you then say you are only a layman and not a traffic policeman, and not knowledgeable about the speed limit in this particular area, and therefore, you should have no penalty against you? If the Lee Family was not knowledgeable, they should have cleared the transactions with CPIB or CAD first.

 

[Narong Wongwan]

Aw TS married a Japanese wife ?


[IMGm.sg/sites/default/files/e-bulletin/issue_25/house.jpg[/IMG]
Haw Par Villa



[IM//upload.wikimedia.org/wikipedia/commons/thumb/f/f9/Hu_Wenhu2.jpg/220px-Hu_Wenhu2.jpg[/IMG]

[IMG.com/-Cvsmkvv0GPI/TvWIiNeAj4I/AAAAAAAAAOM/28cBeZxqBio/s1600/aw+boon+par.jpg[/IMG]
Aw Boon Par


[IMG.sg/~/media/GoingPlaces/more/top-5/2013/HawParVilla/Photo-Gallery/butterforfilm--Foter--CC-BY-NC_tiger-cars_1500px.ashx[/IMG]

Boon Haw first son It Haw (one tiger) has a jap wife and they opened a jap supermarket.
Boom Haw named all his 4 sons 1,2,3,4 tigers

 

[longdongsilver]

not too sure if you are right. they are public figures afterall.

civil servants have been hauled up to cpib and charged if the discount on goods they received exceeds normal discount given and we are talking about hundreds of dollars only.

but how would any civil servant know what normal discount should be..unless it is too excessive. In Lees case the discount given was only slightly higher than normal..

 

[longdongsilver]

What kind of fuck logic is that? Ignorance of the law is not an excuse. If every one say they are not lawyers or police officers or judges and therefore only laymen with regards to the law, they can then get away with anything. If a policeman stops you for speeding, do you then say you are only a layman and not a traffic policeman, and not knowledgeable about the speed limit in this particular area, and therefore, you should have no penalty against you? If the Lee Family was not knowledgeable, they should have cleared the transactions with CPIB or CAD first..............>>>>>>>>>>>


unless the law clearly stated that the Lees should not receive any discount at all for any purchases or they should clear with CAD before buyinh anything..please enlighten me if there is such a law..speed limit is common knowledge no one can claim ignorance...

 

[GoldenDragon]

What kind of fuck logic is that? Ignorance of the law is not an excuse. If every one say they are not lawyers or police officers or judges and therefore only laymen with regards to the law, they can then get away with anything. If a policeman stops you for speeding, do you then say you are only a layman and not a traffic policeman, and not knowledgeable about the speed limit in this particular area, and therefore, you should have no penalty against you? If the Lee Family was not knowledgeable, they should have cleared the transactions with CPIB or CAD first.

can't be bro. they are more than familiar with the laws. lky, kgc and daughter-in-law suet fern are all highly qualified lawyers. they dont even need to seek advice from lawyers!

 

[GoldenDragon]

but how would any civil servant know what normal discount should be..unless it is too excessive. In Lees case the discount given was only slightly higher than normal..

that being the case, one has to exercise due diligence. if just one purchase, benefit of doubt can be given, but when family members all tongpang, what does that tell you?

 

[GoldenDragon]

What kind of fuck logic is that? Ignorance of the law is not an excuse. If every one say they are not lawyers or police officers or judges and therefore only laymen with regards to the law, they can then get away with anything. If a policeman stops you for speeding, do you then say you are only a layman and not a traffic policeman, and not knowledgeable about the speed limit in this particular area, and therefore, you should have no penalty against you? If the Lee Family was not knowledgeable, they should have cleared the transactions with CPIB or CAD first..............>>>>>>>>>>>


unless the law clearly stated that the Lees should not receive any discount at all for any purchases or they should clear with CAD before buyinh anything..please enlighten me if there is such a law..speed limit is common knowledge no one can claim ignorance...

read the Prevention of Corruption Act. any of the new birds in cpib would have been able to draft a charge for the Lees. don't even need dpps.

 

[longdongsilver]

read the Prevention of Corruption Act. any of the new birds in cpib would have been able to draft a charge for the Lees. don't even need dpps.

Please enlighten....