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Scathing article raises numerous questions about sale of Shanmugam's GCB for a staggering 88mil to ultra secretive buyer

Papsmearer

Alfrescian (InfP) - Comp
Generous Asset
U want to stir this? He is not the first, not the last. U never know how deep.the rabbit hole is, probably lead all the way to Ah gua loong
Hahahaha, lead all the way to Old fart. Nassim Jade condo discount. Even got a free Lexus LS 400 from the Japanese govt after he "retired" as PeeM and then later came back as SM. Put in his DIL to collect millions of $ salary from Stomachsick Holdings, etc.
 

Papsmearer

Alfrescian (InfP) - Comp
Generous Asset
Because Sham is a senior Minister in the cabinet of Singapore, any sale of his assets of such a large magnitude must appear to be clean and transparent. He must be prepared to disclose voluntarily the following:

1) This is an arms length transaction between buyer and seller who have no previous knowledge of each other
2) The buyer must agree to disclosure of his or her name and not hide behind a trust or company or nominee
3) Given that all govts in the world are fighting money laundering now, and given that Singapore is in the midst of serious money laundering cases, the Law Minister himself should must disclose what measures he took to ensure that this is not a case of someone trying to launder his money by paying a high valuation for the Minister's house
4) The Minister should disclose the independent appraisal used by the bank to show the valuation of his house, including comparables of similar recently sold bungalows. In other words, if the bank valuation is $50 million, the seller paid $88 million, we have a problem.
 

mojito

Alfrescian
Loyal
Because Sham is a senior Minister in the cabinet of Singapore, any sale of his assets of such a large magnitude must appear to be clean and transparent. He must be prepared to disclose voluntarily the following:

1) This is an arms length transaction between buyer and seller who have no previous knowledge of each other
2) The buyer must agree to disclosure of his or her name and not hide behind a trust or company or nominee
3) Given that all govts in the world are fighting money laundering now, and given that Singapore is in the midst of serious money laundering cases, the Law Minister himself should must disclose what measures he took to ensure that this is not a case of someone trying to launder his money by paying a high valuation for the Minister's house
4) The Minister should disclose the independent appraisal used by the bank to show the valuation of his house, including comparables of similar recently sold bungalows. In other words, if the bank valuation is $50 million, the seller paid $88 million, we have a problem.
Dun worry. Pitam sing will raise these very important questions during the next parley men sitting. To this spell rumours once and for all dose who say he is mole. :biggrin:
 

Papsmearer

Alfrescian (InfP) - Comp
Generous Asset
Dun worry. Pitam sing will raise these very important questions during the next parley men sitting. To this spell rumours once and for all dose who say he is mole. :biggrin:
hahhahhahha, Pritam will be kwai kwai like the PAP dog he is
 
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