Are u bird brain also? Sinkies are really stupid. figure it out. I did. If u can't figure it out by yourself, get together with your friends and family and figure it out together with your combined IQs, hopefully over 100 points.
Minister of Law sell his GCB for $88 million is not the issue. Although u can say that it is the within the top 3 most expensive sale in the history of GCB in Singapore. Normally, GCB sell for around what Tan SL paid, say $30 million. If you say Shan who paid less then $8 million for his GCB, and say he sold it for $38 million, you would say that is a good normal profit on a GCB given the time he held it. But he sold for $88 million, which is way above normal profit. Normally, only developers pay this kind of money for GCB because they will redevelop into high end high rise condos. But Shan's GCB is not in such a location and is not development potential due to the nature of his neighbourhood.
The issue is the nature of the sale to a secret buyer via a trust. Given that Singapore has recently been the subject of worldwide ridicule as a money laundering haven, how can the Law Minister sell his flat for over market price to an anonymous buyer? Is the buyer a drug dealer, a sanctioned person, a swindler, money launderer, etc.? As Law Minister, he has to be the one to uphold integrity in the system, and refuse to sell unless the buyer reveals himself or herself. You follow so far?
Even more troubling, ask yourself which big legal case is coming up before the courts? OBS. What if OBS goes to Shan and ask for clemency in the case, and Shan says sure, for $50 million, I can make sure u are not guilty. But cannot just give $50 million like that, otherwise it will be easily seen as corruption. So, OBS says fine, how much is your GCB worth? $38 million says Shan. OK, I buy it from you for $88 million. $50 million more, u keep it. And I buy it as a secret buyer using a trust, so no one knows its me. U follow the thinking? Now, it's probably not OBS that bought Shan's GCB, but still, was this buyer accorded special privileges for buying Shan's GCB? We will never know. It's big time potential conflict of interest and if there is an interest, then corruption.
