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then only Hougang SMC can help you , Aljunied GRC is 99% gone case.
Not 99% it's 100% gone case if the Insurance Salesman show his face.
then only Hougang SMC can help you , Aljunied GRC is 99% gone case.
SEND HER KARCHNGKANG TO PRISON
In the past two days, my MTN group raised some daring points.
Yesterday, KPMG was investigated. It was so obvious that there were false-accountings involved because KMPG recognized imaginary future income streams without offsetting LNG burn-cost and ballooned the value of Tuaspring. We are talking about valuing $1.5billion of thin air on the balance sheet. DBS has also various RMs promoted to ED in the past ten years because of their "collaborations" with Hyflux.
Now, imagine elections is coming in July school holidays. On surface, these investigations will demostrate to the electorate that the authorities are doing something. Therefore, many said that this is an attempt to pacify the 50000 investors. The casualty-rate is even higher if you include those holding Hyflux shares, Preference shares and Perps under nominees accounts of various securities firms.
Now we take a step back.
Don't the authorities know that Hyflux is the biggest corporate shit in Singapore since Pan-El? Almost two hundred thousand are affected if you include the dependents of the investors. Seriously, are they that stupid not to realize that pouring out the shit in the media now, will expose more of their incompetency? Isn't that a reminder for affected investors to vote for opposition until they get their money back?
- Big investors will be angry.
- Small investors will be reminded to be angry.
- General public will understand that we have no social safety net to speak of.
Bear in mind, even if the four biggest culprits Simon Tay, Gay Chee Cheong, Olivia Lum and Lim Suat Wah are fined, the fines don't go the investors. Individual investors will not get any money back even if these con men are jailed.
Maybe, these actions are just a public-canning show, to justify liquidation for Hyflux, hoping everyone will have closure and move on. On the other hand, some MTN holders feel that the timing cannot be more peculiar for PAP; is this to justify a PUB or state bailout of the investors cheated before the next General Elections?
Will we see daylight?
Kick out PAP. Tell your family and friends to kick out PAP.
Sent SIAS to misguide us and get earn fees. Get rid of PAP, they are just going close the case after GE. I want my money back!
Tuaspring worth more than $1 billion and they took back for zero dollars. Isn't that bullying? Good for nothing country, only know how to make money from Singaporeans.
The same for Aqua Munda. Already call more minimum 85% discount and now even want lower prices. No money, just say no money. See:
Aqua Munda to re-price Hyflux's unsecured debt
https://sbr.com.sg/utilities/news/aqua-munda-re-price-hyfluxs-unsecured-debt
There is no provision for MAS to sue on behalf of investors. In Australia, Hong Kong and UK in particular. the securities regulator has the standing to obtain compensation on behalf of investors. However, this is not the case in Singapore.
In Malaysia, the Capital Markets and Services Act (CMSA) provides for civil liability and civil penalty actions. Civil liability actions can be taken by investors. What is interesting is that the CMSA explicitly provides for civil penalties recovered by the Securities Commission to compensate investors, after the Commission has recovered the costs of the investigation and proceedings.
We ought to now ask: Why do these provisions not exist here, when they exist in these other countries? How important do our authorities really feel about investor protection? Why shouldn’t the SFA empower MAS to take civil liability actions on behalf of investors and/or to use civil penalties recovered to compensate investors?
From: A/P Mak Yuen Teen
https://governanceforstakeholders.com/2020/06/04/hyflux-correction-about-civil-liability-action/
Politicians only cares about their personal interests. Lee Bee Wah spoke out fiercely for the construction industry yesterday because she is in the senior management of two construction companies, Koh Brothers and Tee Land.
https://mothership.sg/2020/06/lee-bee-wah-construction-industry-support
This is conflict of interests.
Why for 2 years, she can't be bothered to speak out for her Yishun residents who were cheated by Hyflux. She will only speak for Hyflux if she is director of Hyflux?
OL has a few toy boys in recent years. One is not local, another in Yishun. If CAD arrests OL's PA toy boy from Lee Bee Wah's Yishun, they can unearth more.
a 12yo oso knows tis sort of cheap trick...
Looks like the insolvent Sembcorp Marine will also be rescued.