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Renci Monk Gave $60K loan to Short-of-cash MP!?

kylie72

Alfrescian
Loyal
Ming Yi approves S$60,000 loan to MP Ong Seh Hong
By Liang Kaixin, Channel NewsAsia | Posted: 16 April 2009 2106 hrs

SINGAPORE: The sixth day of the trial against former Ren Ci CEO, Shi Ming Yi, threw light on the way staff loans were granted, even though the hospital did not have a formal policy on it.

The court on Thursday heard that Ming Yi had approved several loans to various staff. Among them, was Dr Ong Seh Hong who is currently the community hospital's chief operating officer and clinical director of Ren Ci Hospital and Medicare Centre.

Dr Ong is also a Member of Parliament for Marine Parade GRC. When contacted by Channel NewsAsia, the MP said he is unable to comment as the trial is still ongoing.

Testifying in court, Ren Ci's former human resource manager, Joyce Teng Lee Foong, said the staff loan was made to Dr Ong when he first joined the hospital in 2000.

The S$60,000 loan is understood to be the largest sum approved by Ming Yi. It is not known whether the loan has been repaid.

The court also learnt that Ming Yi's former aide, Raymond Yeung, was offered an employment contract in 2001, despite his unsuccessful application for an employment pass.

Ming Yi subsequently granted Yeung a S$50,000 loan, even though the latter remained without an employment pass until 2004. This was recorded on Ren Ci's books as a loan made to Mandala Buddhist Cultural Centre.

At issue now is whether Yeung, who is an Australian citizen and only became a Singapore Permanent Resident in 2006, had received the loan as a legitimate Ren Ci employee.

The trial continues.

Source:
http://www.channelnewsasia.com/stories/singaporelocalnews/view/422830/1/.html
 

mscitw

Alfrescian
Loyal
Smart 'monk' giving loans to lackeys to ..............

only in peasantpore.

it is odd a well paid lackey must take a loan from a monk?

lackeys earn 13k monthly to wayang at 'Meet the peasants session'.
 

myfoot123

Alfrescian (Inf)
Asset
Why does an MP needs $60K charity? to attend Sushi class in Kyoto? If we all could remember, a pap old guard hanged himself for doing something quite similar.
 
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