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SINGAPORE - Singapore Democratic Party (SDP) Secretary-General Chee Soon Juan said today that former Minister Mentor Lee Kuan Yew and Emeritus Senior Minister Goh Chok Tong have accepted his offer of composition of S$30,000 to annul his bankruptcy.
Dr Chee was declared a bankrupt in 2006 after failing to pay damages totalling S$500,000 to Mr Lee and Mr Goh, following a defamation suit brought on by the two because of remarks Dr Chee had made during the 2001 General Election.
In a statement posted on the SDP website today, Dr Chee said: "Mr Lee Kuan Yew and Mr Goh Chok Tong have indicated that they will accept my offer of composition of $30,000 to annul my bankruptcy."
According to an email from the Official Assignee, posted on the SDP site, the Official Assignee conveyed Dr Chee's offer to all of his creditors, namely Mr Lee, Mr Goh and the Attorney-General's Chambers, on Aug 17.
They replied on Aug 30 and Sept 3 "informing us that they have no objection to your offer of composition of $30,000", said the Official Assignee in the email addressed to Dr Chee and dated Sept 7.
After they receive the money, the creditors will formally vote on the offer. Once they have voted their acceptance of the offer, the Official Assignee will process the necessary paperwork to annul Dr Chee's bankruptcy.
Dr Chee said he will be working to raise the amount primarily through the sale of his books. He also appealed for donations.
Dr Chee said he hopes the settlement would "mark the end of a chapter of Singapore's politics marred by defamation suits against opposition members" and looks forward to a "new era where political discourse is dominated by substantive debates on policies and ideas".
He added that he looks forward to being formally cleared of his bankruptcy so that he would be eligible to stand in the 2016 general election. As an undischarged bankrupt, Dr Chee has not been eligible to stand in the general elections.
- http://www.todayonline.com/Singapore/EDC120911-0000162/Former-leaders-accept-Chees-S$30,000-offer-to-annul-bankruptcy
Dr Chee was declared a bankrupt in 2006 after failing to pay damages totalling S$500,000 to Mr Lee and Mr Goh, following a defamation suit brought on by the two because of remarks Dr Chee had made during the 2001 General Election.
In a statement posted on the SDP website today, Dr Chee said: "Mr Lee Kuan Yew and Mr Goh Chok Tong have indicated that they will accept my offer of composition of $30,000 to annul my bankruptcy."
According to an email from the Official Assignee, posted on the SDP site, the Official Assignee conveyed Dr Chee's offer to all of his creditors, namely Mr Lee, Mr Goh and the Attorney-General's Chambers, on Aug 17.
They replied on Aug 30 and Sept 3 "informing us that they have no objection to your offer of composition of $30,000", said the Official Assignee in the email addressed to Dr Chee and dated Sept 7.
After they receive the money, the creditors will formally vote on the offer. Once they have voted their acceptance of the offer, the Official Assignee will process the necessary paperwork to annul Dr Chee's bankruptcy.
Dr Chee said he will be working to raise the amount primarily through the sale of his books. He also appealed for donations.
Dr Chee said he hopes the settlement would "mark the end of a chapter of Singapore's politics marred by defamation suits against opposition members" and looks forward to a "new era where political discourse is dominated by substantive debates on policies and ideas".
He added that he looks forward to being formally cleared of his bankruptcy so that he would be eligible to stand in the 2016 general election. As an undischarged bankrupt, Dr Chee has not been eligible to stand in the general elections.
- http://www.todayonline.com/Singapore/EDC120911-0000162/Former-leaders-accept-Chees-S$30,000-offer-to-annul-bankruptcy