Revisiting the mystery of the missing $22.5 million

Mr Charles Chong was reported on 18 February 2018 to have implied that his allegation on the unaccounted $22.5 million from Punggol East (PE), made in 2015, was justified because of all the qualified financial statements (FS) of Aljunied-Hougang Town Council (AHTC). Mr Chong was also reported to have brought up the $33 million payment review report by KPMG in the same response, which is clearly a distraction.

There was no KPMG audit then when Mr Chong made the allegation abou…t the unaccounted millions from PE in September 2015. The KPMG forensic audit did not exist until 2016 and the payment review report was only released in October that year. So it is ludicrous for anyone to cite that as a basis or reference to make such an allegation in 2015. Furthermore, the KPMG report is on disputed payments, not about unaccounted money.

The issue here is about the alleged unaccounted $22.5 million from PE, and there are 3 indisputable facts.

First, all the qualified FS for AHTC prior to the PE by-election in 2013 did not concern PE as it was not even under the management of WP.

Second, all the qualified FS for AHTC from 2013 to 2015 did not flag that $22.5 million from PE was missing. Furthermore, the independent auditor for the handover of PE said the FS were properly drawn up and it gave a true and fair view of the financial position of the town as at 30 November 2015 (see attached). In short, the handover FS for PE is unqualified.

Third, the auditor for Pasir Ris Punggol East Town Council (PRPTC) accepted the handover FS for PE and did not follow up with AHTC on the alleged unaccounted $22.5 million raised by Mr Chong in 2015. A big sum of money was alleged unaccounted for in PE and no one from PRPTC is interested to find out the status?

So linking the alleged missing $22.5m from PE to predated and unrelated audit issues from 2011, and highlighting disputed findings from a yet to be ordered forensic audit in explaining the allegation made in the letter to PE residents on 8 September 2015, is really stretching the justification way too thin.

The accounts and reports are all released now. I have waited 30 months just to get to the bottom of the alleged missing $22.5 million from PE. And yes, AHTC did hand over $26.3 million back to PRPTC, in CASH too.

 

* Facebook post by Png Eng Huat.

 

 

Sponsored Content

22 Responses to “Revisiting the mystery of the missing $22.5 million”

  • LuHsien Lwong:

    Uh-oh! Caught telling another lie! Thought CharLIES Chong should have known that you’d need a thousand lies to cover one. Now let’s wait, see and count for him how many more he’s gonna come up with.

    ‘Congrats’ Punggol East residents. You chose to vote for a fake news MP to replace a honest, sincere and hard-working one from the WP. Come I clap for you, all the PAP voters.

    GD Star Rating
    loading...
  • high time the Biws apologise:

    It is high time that papists apologise for the fake information tained with slander to mislead the populace. How is the leader of the house shows abuse of power in not demanding her own party member to apologise to WP for the slanderous accusation of the missing millions which pap has in fact received as the audit shows. Such abuse of power for being bias to her own party suggests she fails her durt and ought to resign.

    The halabulu of Heng’s medical cost is essentially caysed by the boastful claim that he only paid $8 for his heart sugery and hospitalization which jed citizenry to concluded that ministers have luxurious medical dental benefits. If this is not so then how could khaw boasted he only paid a meagre sum of $8 when the citizen paid thru the nose for such traetment and first class ward hospitalization in response to citizen outcry of exorbitant medical cost. Has he lied just to stop the dissatisfying voice of citizenry which a former dead president had derogated citizens’ voices of the environment? If he has lied, why no action is taken against hime? Isn’t a worse crime for a minister to lie esp when he was the minister of health? If he has told the truth, then isn’t the claim that Heng paid the same as citizen a lie instead? Shouldn’t severe punitive measure has to be taken against such official fake information? These contradictory info from the official sources has to be resolved and the truth rectified with aporopriate punitive measure?

    Justice is a two sided sword. It sould slash with the same might regardless of status, wealth, race, religion and education. So far, Singaporeans sees only PAP bullies while the bullied were locked in with the powerful horde of plps. The words of Lee Hsien Yang and son and sister still rings loud and clear in the ears of Singaporeans. If the nepotic old chief were around, would Singaporeans expect the plp would derogate it as noises of the environment or politely and reverently referred the claim to the big lp he has been poing since the Japanese occupation where he assisted the jap while loyalists are fighting courageously and sacriced their lives for their country underground. The world is all pinkist with Biws and the spineless horde of plps.

    GD Star Rating
    loading...
  • NotMyProblem:

    I trust Opposition more, because anything the Opposition does, PAP will be watching. I cannot trust PAP, because nobody can check on them.

    Next time vote for the Opposition, you will have the PAP watching over the Opposition. So one works for you and the other protect you.

    GD Star Rating
    loading...
  • Flabbergasted:

    APOLOGISE ! APOLOGISE! APOLOGISE! APOLOGISE!!!!

    GD Star Rating
    loading...
  • Apologise & step down:

    If its not a big lie re the missing $22mil , then he should provide proof…or else apologise n step down!
    Shame on you Charlie!…
    Mayb got stabbed in the back to be the fall guy?…

    GD Star Rating
    loading...
  • N.Jungne:

    Unbelievable with such a FALSEHOOD, an apology and a by-election for cheating.

    Flabbergasted:
    APOLOGISE ! APOLOGISE! APOLOGISE! APOLOGISE!!!!

    GD Star Rating
    loading...
  • If Charles is A Gentleman...:

    Then he ought to explain himself to his residents!

    If not, he will be voted out at the next GE!

    Punggol East voters do not want and need a ‘LIAR’ to represent them in Parliament!

    GD Star Rating
    loading...
  • rukidding:

    If this is correct and true,…..than I think P>A>P. Charles Choong should be graceful enough to apologise.

    If its true and Charles still refuses to apologise,….then it may grossly affect the image of P>A>P.

    That is why there is a saying that “Crooked Leeders breeds crooked followers”.

    GD Star Rating
    loading...
  • OMG!:

    OMG! and to add salt to the rotten wound, the clown involved is being put in as a chair to the fake news committee!!…how’s that for accountability and transparency!!

    GD Star Rating
    loading...
  • The Rot Started From The Yop:

    The false allegation by the PAP MP is very serious, especially towards the 2015 GE time. From that effect of FAKE accusation, it had resulted in WP lost some of its strong supported constituency. As such, an apology is not enough, and many had urged WP to take up civil suit against the PAP liar, Charles Chong. Failing which, WP not only do not show its innocence, its respects and dignity may be deteriorated. Many like me, knew that it is a false allegation, and only a suit can force PAP and his liar to summit to truth. Yes, the truth may be an extremely difficult to sought in the court here, but still, WP can has the opportunity to present its innocence, and the general public will be WP judge. Work towards 2020, WP.

    GD Star Rating
    loading...
  • 山木人在哪呢:

    And yet, all of pappies cronies on the board of Keppel was in sleeping mode for so many years when so many millions were corrupted away. And this is no serious breach of duty because if really so, why no charges against the board of directors?

    GD Star Rating
    loading...
  • opposition dude:

    So Charles was spreading fake news back then. Isn’t the PAP clamping down on fake news? Charles should be the one they are going after then.

    Oh wait, he is their own people hor………

    GD Star Rating
    loading...
  • Samuel S:

    Please disgrace Foo please asks CC to apologise to not only PE residents but All Singaporean.

    GD Star Rating
    loading...
  • rajkumar:

    WP should announce that it is taking legal advice,with view of
    suing Charles Chong for slandering the party.No apology.Should it come, will only strengthen their case.There is no parliamentary
    immunity during elections.WP should have a strong case.
    Mind you, the late JBJ,was sued relentlessly via our independent judiciary for much less.
    Kick such PAP scum like Mr Chong, in the groin, should the opportunity arise.
    I believe it is an option worth pursuing.

    GD Star Rating
    loading...
  • goggor:

    Coz he’s a lying stinking man in white

    GD Star Rating
    loading...
  • Calling A Deer A Horse:

    PAP leedershit only keeps barking dogs around him. Able to bark is much more important than able to think.

    GD Star Rating
    loading...
  • LIONS:

    THOU SHALL NOT COVET THY NEIGHBOUR’S GOODS.

    THOU SHALL NOT BEAR FALSE WITNESS…

    I say THOU SHALL NOT ANYHOW ‘POINT FINGER’????

    GD Star Rating
    loading...
  • Change We Must:

    Charles Chong roared like a lion when he made the allegation. Not he is silent like a mouse. Yes, no balls!

    GD Star Rating
    loading...
  • White Lair:

    Mr Charles Chong should have the honour of being the first to be prosecuted under the soon to be revealed “Fake News Act”, which we have heard no news about it after being announced by Pee And Pee.

    Mr Charles Chong is a dishourable scum of questionable character, to have concealed his serious medical condition from voters and making false allegations to win the election.

    It is very Dis Grace Fu to see people of such character in our Parliament, although Leader Grace Fu believe otherwise, that PAP MPs are of top character while WP are filled with dishonest filthy lairs.

    GD Star Rating
    loading...
  • Sg Going downhill:

    @White Lair
    Probably u havent read or watched news lately?
    This same charles Chong is the chairman of the Fake news Committee!
    Crazy or what?!

    GD Star Rating
    loading...
  • Wrong place to Hunt:

    So the pigs expended huge amount of tax dollars looking for wrong doing in Aljunied TC over years; came out empty handed.
    Right under pinkie the Dishonourable nose AMK TC GM was committing corruption.
    Voters are taking note!
    Will the 70% awaken?

    LuHsien Lwong:
    Uh-oh! Caught telling another lie! Thought CharLIES Chong should have known that you’d need a thousand lies to cover one. Now let’s wait, see and count for him how many more he’s gonna come up with.

    ‘Congrats’ Punggol East residents. You chose to vote for a fake news MP to replace a honest, sincere and hard-working one from the WP. Come I clap for you, all the PAP voters.

    GD Star Rating
    loading...
  • 1 Apr Deadline Over!:

    Now we have a FAKE MP in Parliament?

    GD Star Rating
    loading...
Member Services
Members LoginSelf-ClassifiedsSelf-Support
Sponsored Advertisement
Search On TR Emeritus
Sponsored Advertisement



Most Recent Comments
  • oxygen: @ Haigen-Diaz PUBLIC HOUSING IS COMMODITIZED GOODS – there is no play of value or valuation compared to...
  • oxygen: @ Simple Simon @ Simon is NOT SIMPLE on this one. I share your thoughts. simple simon: btw,to those who...
  • why worry be happy: In Sinkingpoora, all news from the disGraceFoo gang are never fake, that’s why. They...
  • Haigen-diaz: What’s surprising is that Pinky Lee thought CCS was a worthy candidate. In that sense, he truly...
  • Concerned!: here’s a shocker on the story behind elitism in spore, and why it thrives now....
  • LIONS: LBW comes from Mars while Masak-go comes from the moon,maybe? Both speak in alien languages unfathomable by...
  • patriot of Temesak: Whatever Tun was and is NOW…he was/is NEVER Evil, unlike the Man Who Con You!!!
  • patriot of Temesak: These two IDIOTS are the pits of PAP
  • $$$: This bunch of disGraceFool people will tell the 70% dafts that they are underpaid. Do the right ...
  • Guess: Courage is not using the mouth only. Just as theres a news about someone came across a deserted filled money...
  • $$$: Only language the gang of Disgracefool people understand is $$$$$. Period.
  • Eat Money: One eat money and one don’t eat money. Legalized Corruption is also eat money.
  • Australia Citizen: i migrated to australia 15 years ago.. and realised most fo my colleagues in singapore are indeed...
Announcement
Support TRE
Support TR Emeritus:
Other Amount:
Advertisement
Advertisement
TRE Classifieds
  • Hong Kong Street Jia Kee 820

    Hong kong Street Jia Kee provide with many food op...
    [Read more]

  • Intercontinental Hotels Group

    A global company with 9 hotel brands. With over 4,...
    [Read more]

  • SmartCar

    Prevent $thousands In Vehicle Repairs. SmartCar Wi...
    [Read more]

  • SERVICES URGENT LOAN APPLY NOW TO SOLVE

    Do you need a personal or business loan without st...
    [Read more]