Stunning relevation about $500,000 GIC housing loan in Ong Seh Hong's testimony

[JohnTT]

What rubbish are you talking about? Renci didn't give him the money. It lent him $60k to make up for the amount he needed to repay GIC. Renci should have lent him the full amount that GIC lent him if it wanted to poach him.

Did I say 'give'? 'Took' equals 'loan' or whatever. The fact is he got $60K from Ren Ci. It is a fact. A fact is a fact. No need to dispute.

This MP must be thoroughly investigated.

 

[lockeliberal]

Dear John

If the paperwork and documentation aka his staff GIC loan stands out. The fact that he accepted 60,000 in the form of a loan from Ren Ci to help pay off the balance of his GIC loan was proper. Whether the documentation of the loan from Ren CI was proper is another question in itself. Would it have been improper if he had received a 60,000 sign on bonus instead of a loan ?



Locke

 

[JohnTT]

Dear John

If the paperwork and documentation aka his staff GIC loan stands out. The fact that he accepted 60,000 in the form of a loan from Ren Ci to help pay off the balance of his GIC loan was proper. Whether the documentation of the loan from Ren CI was proper is another question in itself. Would it have been improper if he had received a 60,000 sign on bonus instead of a loan ?



Locke

I get your picture. Proper documentation is one thing, but rather as a MP, he should be sensitive towards citizens' needs, & not deprive the needy patients from treatment by asking for $60k as loan. A MP is to help people, & not become a liability to people.

 

[lockeliberal]

Dear John

Hmmmm by your argument, the fact that he is drawing any form of salary from Ren Ci means that he is depriving needy patients of treatment as an MP, thus as an MP he should just well work for free for Ren Ci as should all the staff and they should live on love and fresh air.




Locke

 

[JohnTT]

Dear John

Hmmmm by your argument, the fact that he is drawing any form of salary from Ren Ci means that he is depriving needy patients of treatment as an MP, thus as an MP he should just well work for free for Ren Ci as should all the staff and they should live on love and fresh air.




Locke

That is different. If he is working for Ren Ci & contributing to the well-being of Ren Ci, then he deserved to be paid.

 

[shelltox]

I get your picture. Proper documentation is one thing, but rather as a MP, he should be sensitive towards citizens' needs, & not deprive the needy patients from treatment by asking for $60k as loan. A MP is to help people, & not become a liability to people.

Renci or whatever charitable organizations need professional managers to run the organizations. Many of these organisations handles tens of millions in public fund. If they are not well paid, they can only employ half pass six employees and at the end of the day it becomes a case of "penny wise ,pound foolish".
That doctor who runs renci needs to be adequately rewarded. How about you volunteering to run ren ci for $100 a day.

 

[pia]

Renci or whatever charitable organizations need professional managers to run the organizations. Many of these organisations handles tens of millions in public fund. If they are not well paid, they can only employ half pass six employees and at the end of the day it becomes a case of "penny wise ,pound foolish".
That doctor who runs renci needs to be adequately rewarded. How about you volunteering to run ren ci for $100 a day.

Is the MP getting only $100 a day? Reported somewhere?

 

[2lanu]

Apparantly there are lots of dirty deals even in the whiter than white party. Open your eyes wide this coming election when voting....

 

[JohnTT]

Renci or whatever charitable organizations need professional managers to run the organizations. Many of these organisations handles tens of millions in public fund. If they are not well paid, they can only employ half pass six employees and at the end of the day it becomes a case of "penny wise ,pound foolish".
That doctor who runs renci needs to be adequately rewarded. How about you volunteering to run ren ci for $100 a day.

Why are you taking about salary here? Salary & loan are 2 separate entities. I guess you have low comprehension level.

 

[Dogtracker]

--------------------------------------------------------------------------------

To be honest I will say the same thing even if it were the MONGREL who bit his masters' ands LOUDHAILER chee soon juan.

In the real world, discounted housing loans and car loans for executives are every day perks of any real corporate employer. I am sure the MONGREL who bit his masters' ands LOUDHAILER chee soon juan would have taken (or had available to him) a discounted housing loan when he was a lecturer at NUS but I would never complain about it - because it is really a fact-of-life thing - that most MNCs and GLCs have this perk, even for their entry level executives.

What rubbish are you talking about? Renci didn't give him the money. It lent him $60k to make up for the amount he needed to repay GIC. Renci should have lent him the full amount that GIC lent him if it wanted to poach him.

Fuck you lah PAP cock sucking dog! Time you change to taste some SDP hotdog! A loud hailing one! And one who wont't bite your hand if you hold his cock properly!:p

 

[SamuelStalin]

The loudhailer is pretty scary I must admit. I hope he didn't frighten you somehow.

To be honest I will say the same thing even if it were the MONGREL who bit his masters' ands LOUDHAILER chee soon juan.

In the real world, discounted housing loans and car loans for executives are every day perks of any real corporate employer. I am sure the MONGREL who bit his masters' ands LOUDHAILER chee soon juan would have taken (or had available to him) a discounted housing loan when he was a lecturer at NUS but I would never complain about it - because it is really a fact-of-life thing - that most MNCs and GLCs have this perk, even for their entry level executives.

 

[SamuelStalin]

Apparantly there are lots of dirty deals even in the whiter than white party. Open your eyes wide this coming election when voting....

Where's the evidence? If there is none then kindly do not talk rot.

 

[scroobal]

Dear John

If the paperwork and documentation aka his staff GIC loan stands out. The fact that he accepted 60,000 in the form of a loan from Ren Ci to help pay off the balance of his GIC loan was proper. Whether the documentation of the loan from Ren CI was proper is another question in itself. Would it have been improper if he had received a 60,000 sign on bonus instead of a loan ?



Locke

Agree, its common practice in all organisations.

 

[SamuelStalin]

Dear John

If the paperwork and documentation aka his staff GIC loan stands out. The fact that he accepted 60,000 in the form of a loan from Ren Ci to help pay off the balance of his GIC loan was proper. Whether the documentation of the loan from Ren CI was proper is another question in itself. Would it have been improper if he had received a 60,000 sign on bonus instead of a loan ?



Locke

I profess neutrality on Ren Ci and all parties concerned, but as an aside, in a very general political context a loan is usually just a convenience term not to be taken too literally, that can sometimes be understood as a gift.

 

[londontrader]

I get your picture. Proper documentation is one thing, but rather as a MP, he should be sensitive towards citizens' needs, & not deprive the needy patients from treatment by asking for $60k as loan. A MP is to help people, & not become a liability to people.

He wasn't an MP when he received the loan, right?
he also repaid the amount in good time
It seems that he needed a small bridging loan to complete the formalities of his change of employer. This is common practice.

The real issue is whether that monk cum CEO followed the right procedures or did he treat Ren Ci like his own private piggy bank.

 

[tinyplanet]

1) How come as a charitable organisation, the Ren Ci management allowed a personal loan to be given out to OSH?

2) How come as a MP to represent the voices of the citizens, he can ask and accept such loan??!! It is morally and ethically not right!! The $60K could have gone for a better use to support the needy and not as loan to feed his million dollar private property.

3) Why does he need $60K where he can easily get $500K loan from bank as a professional and also tap-on to the name as a MP of the ruling government?

4) Why yesterday he mentioned he do not want to comment on this $60K at this point of time as the trial is still going on and in less than 24 hours, he spilled out everything??!!

Will it be another "I DON'T KNOW" again ....

 

[londontrader]

I profess neutrality on Ren Ci and all parties concerned, but as an aside, in a very general political context a loan is usually just a convenience term not to be taken too literally, that can sometimes be understood as a gift.

He seems to have paid back his loan in good time. Hardly fits the definition of a gift.

 

[londontrader]

1) How come as a charitable organisation, the Ren Ci management allowed a personal loan to be given out to OSH?

2) How come as a MP to represent the voices of the citizens, he can ask and accept such loan??!! It is morally and ethically not right!! The $60K could have gone for a better use to support the needy and not as loan to feed his million dollar private property.

3) Why does he need $60K where he can easily get $500K loan from bank as a professional and also tap-on to the name as a MP of the ruling government?

4) Why yesterday he mentioned he do not want to comment on this $60K at this point of time as the trial is still going on and in less than 24 hours, he spilled out everything??!!

Will it be another "I DON'T KNOW" again ....

Was he an MP in 2000?

 

[londontrader]

Dear John

If the paperwork and documentation aka his staff GIC loan stands out. The fact that he accepted 60,000 in the form of a loan from Ren Ci to help pay off the balance of his GIC loan was proper. Whether the documentation of the loan from Ren CI was proper is another question in itself. Would it have been improper if he had received a 60,000 sign on bonus instead of a loan ?



Locke

Well said!

 

[JohnTT]

Was he an MP in 2000?

The question NOW is whether he is suitable to be a MP given his frame of mind? He served his own interest before public interest & sick interest.