Where is the unaccounted $22.5 million town council funds? Hougang MP challenges Charles Chong

Photo: PAP. ST

Hougang SMC MP Png Eng Huat has challenged Punggol East SMC Charles Chong over an accusation the latter had made during the 2015 General Election, on Facebook this Thursday.

On 8 September in 2015, 3 days before polling day in the last GE, Chong had sent a letter to residents of Punggol East SMC in which he alleged that it is an “indisputable fact” that the Workers’ Party had lost $22.5 million that was supposedly transferred to the Punggol East Town Council:

“The indisputable fact is that when Punggol East was transferred to the Workers’ Party, $22.5 million was transferred to the new town council. That sum is now unaccounted for…”

Chong won the Punggol East SMC that year, wresting it away from the WP’s Lee Li Lian who had won a by-election that was held in the ward after ruling party parliamentarian Michael Palmer resigned as elected MP in 2012 due to an extramarital affair.

On Thursday, the WP revealed that the AHTC’s engagement with independent auditor KPMG has ended and that KPMG has found that Workers’ Party-run Aljunied-Hougang Town Council has resolved all the audit points and control-related matters it had flagged for resolution.

The party’s assistant secretary general, Pritam Singh, added that KPMG confirmed that it is “reasonably satisfied” that AHTC is compliant with section 35(c) of the Town Council Act and also revealed that AHTC’s new Town Council Financial System is now fully operational.

That same evening, Png Eng Huat questioned Chong over the claim that his party had lost $22.5 million.

Releasing AHPETC’s statements of changes in funds for the financial years 2013-2015 and the statements for the financial years 2015-2017, Png pointed out that the Pasir-Ris Punggol Town Council also found that the audited Financial Statement for the Financial Year ended 31 March 2017 is unqualified.

If there was missing money, the accounts would be qualified:

“With the release of the final KPMG report on AHTC today, I can finally finish writing this post which has bugged me for almost 30 months.
“At the tail end of GE2015 campaign, Mr Charles Chong sent a letter dated 8 September 2015 to all Punggol East (PE) residents stating that $22.5 million transferred to AHPETC by Pasir-Ris Punggol Town Council (PRPTC) was now unaccounted for. By the time we got wind of this letter, it was Cooling-Off Day.
“After the general election, we met Mr Chong to discuss the handover matters on 18 September 2015. I asked him about the alleged missing $22.5 million. I told him we would want to return every single cent to PE residents if he could point out what this money was all about. In every audited financial statement since 2013, there was $22.8 million to $26.3 million attributed to PE sitting in our accounts (see photos). He brushed off my question and said he had already explained. I did not recall there was an explanation given anyway.
“So I waited until PRPTC filed its annual report in 2016 and noted there was $24.7 million attributed to PE sitting in its book as well. In its 2017 financial report, PRPTC said AHTC had sent over the audited handover Financial Statement of PE, and “in the good hands of Pasir-Ris Punggol Town Council, the audited Financial Statement for the Financial Year ended 31 March 2017 is now unqualified”. That means there was no such missing money else the accounts would be qualified!
“I waited further for KPMG to publish its final report to complete the final piece of the puzzle. The final report speaks for itself.
“We will never solve the mystery of unaccounted $22.5 million now as none of the audited statements from the two town councils and special reports by KPMG and PwC (hired by PRPTC to also look into the accounts of PE after GE2015) could shed any light on the allegation.
“The end of the KPMG audit also marks the end of my attempt to find some answers into this matter.”

Netizens responding to Png’s post opined that it is ironic that Chong now chairs the Select Committee that was convened last year to combat “fake news”:

AHTC clears all audit points, ends engagement with independent auditor KPMG

84 COMMENTS

    • You forgot, please add: “Beneath Also Listening”. So nothing to hide, as deep beneath also heard what was said.!

  1. White god member give fake news , the white will con Singaporeans it is an not important , but other party mis any minor mistake white god will blow it to con Singaporeans it is very important n say these people are lier, not mistake …

  2. Heaven will punish the joker and his family. Not to worry and don’t take any revenges, let karma handle him and his family.

    If he wants to repent, he should apologies and resign from the post. He won’t last Long as he had cheated the whole population in PE. Every family in PE will spit on him n lay a curse for his family. Stay cool and watch how the karma reacts.

  3. WP must take action to make the crude apologies to all Singaporeans so that WP will regain the confidence of Punggol East residents and win this territory by GE 2019
    Send Daniel Goh to represent Punggol East as he is the one who questioned our health minister in the insurance reserve funds

  4. Charles you have the cheek to lie. And you can go to bed every night with the guilt that you have cheated? I that the calibre of people the PAP is made of?

  5. Very high chance this Martha Focker will be ditched by his party at the next GE with him citing his dropping out of politics due to health reason, his party will definitely not take the risk of losing PE now that he have been exposed as a conniving rat.

  6. Charles Chong a LIAR. Another PAP MP who believes in promoting Malaysians as MPs
    in Parliament without knowing Mindef secret can be SOLD by THESE TRASH.!~

  7. Charles…..its time to talk….not keep quiet. Since,u good with figures. Your silence,only means that you are guilty of fake news. Shame on you,for bringing down d integrity of the ruling party. Hsien loong,do take note of the bad boy in your team.

  8. AS I HV SUGGESTED, WP TO BRING IT UP IN THE PARLIAMENT.

    LET CC ANSWERS FOR IT AS HE IS NOW PART OF THE COMMITTEE FIGHTING AGAINST FAKE NEWS.

    IS CC SPREADING FAKE NEWS HIMSELF?

  9. I understand that all man not not equal. But if the party is not supporting fake news, shouldn’t they be more responsible and not create fake news? Hmm!!!!

  10. I believe most knew about the Lehman Brothers case where many have lost huge amount of monies from Temasek, town councils and others sector. No one is answerable for the lost monies???

  11. PAP IS TRULY DIRTY GOVT. TRULY SHAMEFUL!!

    PLS READ THIS:

    KHAW BW IS A FOREIGN TRASH MINISTER!!

    LAST TIME, PEOPLE THOUGHT HE WAS A PROBLEM SOLVER MINISTER.

    DO YOU KNOW THAT MANY OF HIS IDEAS OR INITIATIVES IMPLEMENTED WERE ACTUALLY “STOLEN” FROM ME?

    THEN, HE ATTACKED SG MONK, VEN. MINGYI, FORMER CEO OF RENZI HOSPITAL’S ACCOUNT MONIES AND CAUSED THE MONK TO GO TO JAIL.

    MAYBE PPL MIGHT KNOW THAT THE MONK IS SO SELFLESS WHO HAD RAISED FUND VERY SUCCESSFULLY TO HELP THE POOR AND DESTITUTES PATIENTS THRU ANNUAL TV CHARITY SHOWS AND PERFORMED DANGEROUS STUNTS.

    FIRST, KHAW WAS THEN HEALTHCARE MINISTER AND WAS JEALOUS A MONK COYLD OUTPERFORM HIM.

    KHAW KNEW ROTTON GOVT FAVOURS CHINA. AND CHINA ALWAYS ATTACK MY SPIRITUAL TEACHER, HIS HOLINESS THE DALAI LAMA. SIMILARLY, HE ATTACKS SG MONK.

    AND HE KNEW I RESIGNED FROM A PTE COMPANY BECOS OF A DISPUTE OVER ACCOUNTING ISSUE WITH ONE OF PAP’S MP, LIM BIOW CHUAN’S WIFE WHO WAS MY COLLEAGUE. AFTER MY RESIGNATION, ROTTON PAP RECRUITED LIM BIOW CHUAN TO BE MP.

    SO, KHAW KNEW HHDL IS MY SPIRITUAL TEACHER AND MY ACCOUNTING DISPUTE AND HE TOOK THE OPPORTUNITY OF BOTH TO HIS ADVANTAGE, NOT FORGETTING HE HAD STOLEN MANY OF MY IDEAS AND INITIATIVES AT THE SAME TIME.

    HOWEVER, OF ALL PEOPLE HE HARMED A MONK WHO HAS SUCH A KIND HEART AND WHO HOLDS VOWS, HE LITERALLY CREATED ALOT OF NEGATIVE KARMA.

    REMEMBER, KHAW LATER WENT FOR HEART SURGERY. AND HE COULD BOASTED THAT HE ONLY PAID FEW DOLLARS FOR HIS OPERATION, GIVEN HIS MILLION DOLLAR SALARY AS COMPARED TO PPL WITH MEAGRE SALARIES HV TO PAY HUGE MEDICAL FEES? DOES IT MAKE SENSE?

    AFTER SUCCESSFULLY USING ACCOUNTING ISSUE ON THE MONK, KHAW PROCEEDED TO USE IT AGAIN ON WP’S AHTC ACCOUNTING ISSUE TO SMEAR OPPO’S REPUTATION.

    KHAW CLAIMS HE IS A BUDDHIST AND YET HE IS DOING ALL THESE HARMFUL ACTIONS.

    OTHER CRONY MINISTERS LIKE THARMAN, SHANMUGAM, JOSEPHINE TEO, HENG SWEE KEAT, BALAKRISNAN ALL JOIN IN TO ATTACK WP IN THE PARLIAMENT.

  12. REMEMBER SHANMUGAM CANCELLED TGE SG CITIZENSHIP OF A MAN NOT TOO LONG AGO AND REPATRIATED HIM TO HIS ORIGINAL COUNTRY.

    I COUNTER ATTACKED SHANMUGAM THAT THE ONE WHOSE CITIZENSHIP SHOYLD BE CANCELLED ARE THESE TWO FOREIGN TRASH MINISTERS, KHAW AND THARMAN.

    BECOS THARMAN WAS THE ONE WHO COLLABORATED WITH KHAW AND WHO HAD INITIATED TO REPORT AHTC TO AGC, WITH THE GOAL OF DESTROYING OPPO PARTY.
    SO BOTH THARMAN AND KHAW ARE THE TWO MAIN CULPRITS BEHIND AHTC ISSUE, BASICALLY ON CONFLICT OF INTERESTS.

    I COUNTER ATTACKED SHANMUGAM ON ROTTONPAP’S BIGGEST CONFLICT OF INTEREST = LEADER LHL AS PM WHO APPOINTED HIS OWN WIFE AS CEO OF TEMASEK HOLDING. MY REBUTTALS ALSO POSTED IN MY FB.

    WHAT RIGHTS HV ROTTON PAP TO RAISE AND ATTACK WP ON CONFLICT OF INTEREST WHEN THEY (ROTTON PAP) THEMSELVES PRETEND NOT TO KNOW THE PROBLEM EXISTED WITHIN THEIR OWN PAP PARTY ITSELF AND IS EVEN LONGER THAN OPPO PARTY’S. OR DO ROTTON PAP ARE SLEEPING?

    LOOK AT KEPPEL ISSUE ALSO.

    =============

    PLS READ THE FOLLOWING

    1) https://m.facebook.com/story.php?story_fbid=10208934453718809&id=1839725545

    2) https://m.facebook.com/story.php?story_fbid=10208930706425129&id=1839725545

    3) EDWIN TONG IS A CONTROVERSIAL PAP MP AND WHO CANNOT BE A GOOD POLITICIAN. ANOTHER CONFLICT OF INTEREST ISSUE!!

    https://m.facebook.com/story.php?story_fbid=10208913135065856&id=1839725545

    IF YOU’RE INTERESTED, YOU CAN FOLLOW MY FB POSTINGS (LIM LG) TO READ MORE OF ROTTON PAP

  13. This burger knew something most of us dun know.
    Now he must account for the “missing $22.5m”, else how did his GRC “parted” that sum of money, and to “who”?
    Now, this really worries most of us!!

Comments are closed.