Friday, February 21, 2014

People's Association Awful Accounts

Thanks to TR Emeritus, I found the PA annual report for 2010/11 from Parliament's website. Look at what the auditor KPMG had to say about how PA is keeping their financial accounts. Awful.

Looks like it is AIMS all over again, only worse. This is what the PAP and government is getting for going after WP AHPETC isn't it?

However this plays out it will look terrible on the PAP. Right now they must be running all over the place like headless chickens on how to respond because there is nothing in the ST today on this matter.

Update: Feb 22 10:00 am


  1. ST did report, inside the home section with a small headline PA respond to online comments... excuses and excuses, GROs are self funding, they are remedying..But for more than 40 years sleeping. Who believe?

  2. What does it mean GROs are self funding? where do their funds come from? doantions? You mean 40 years of ground spending comes from ALL donations?!! I smell rats.

  3. I see a can of worms. If PM Lee hasn't got it by now, unlike with his dad, the Force ain't with him.

  4. A little like a story from the Bible where the hangman got hanged with his own rope.

  5. There is more to this than meets the eye. People should start digging in all the government accounts or even missing accounts. The TC lose in toxic bonds were never investigated. The big question never answered was who were their brokers and how much were they paid.