Bus fare cheats go jail, The rich cheats pays only fine
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Singapore is known for its tough laws. Under a proposed legislation, bus fares cheats where total amount may not add up to $100 goes to jail for cheating the bus company. On the other hand, the rich who cheats the public investors of hundreds of thousands and even millions of dollars pay only fines. Do you think this is double standard?
fare cheats
http://tnp.sg/speakup/story/0,4136,96001,00.html
The rich stock market cheats
GK Goh
http://www.bernama.com.my/bernama/v3/news_business.php?id=181400
Bread talk Manager
http://www.channelnewsasia.com/stories/singaporebusinessnews/view/192056/1/.html
Govenment Investment Corp (Singapore's GIC)
http://www.singapore-window.org/sw04/041021af.htm
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What's new?
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there's a difference ok, bus fare cheats are cheating the bus company which means the rich people are the ones cheated, when rich people like durai cheat, its the poor people getting cheated
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Since there has not been a single case so far on bus fare cheater being sent to jail, I should not state my comment.Originally posted by Calvin86:Singapore is known for its tough laws. Under a proposed legislation, bus fares cheats where total amount may not add up to $100 goes to jail for cheating the bus company. On the other hand, the rich who cheats the public investors of hundreds of thousands and even millions of dollars pay only fines. Do you think this is double standard?
For your info, the three examples you have quoted involved insider trading. And the penalities for any person contravenes this act is a fine or a jail term or both. Similar to any other offences.
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Thanks for the clarification.Originally posted by TooFree:Since there has not been a single case so far on bus fare cheater being sent to jail, I should not state my comment.
For your info, the three examples you have quoted involved insider trading. And the penalities for any person contravenes this act is a fine or a jail term or both. Similar to any other offences.
The Law for insider trading was created to protect the public, but the bus fare cheat legislation is enacted to protect the governments profit.
If the law serves jail time for bus fare cheats but not corporates cheats, you can be sure there will be rebellion among the people. -
Hey. When the public cheats on their MRT/BUS fares, they are cheating the common people like me who own SMRT shares. My profit needs to be protected.Originally posted by Calvin86:Thanks for the clarification.
The Law for insider trading was created to protect the public, but the bus fare cheat legislation is enacted to protect the governments profit.
If the law serves jail time for bus fare cheats but not corporates cheats, you can be sure there will be rebellion among the people. -
NV need to cheat bus fare..
ever again! -
But you noticed its to protect only one company. I dont think you can find that kind of law in one country. Jail seems to be a harsh punishment for what is considered trivial.Originally posted by shade343:Hey. When the public cheats on their MRT/BUS fares, they are cheating the common people like me who own SMRT shares. My profit needs to be protected. -
Singapore is not the only place on earth with
One country two systems
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Dun get excited over the bus cheat punishment.
Wait till you see the punishment for Mr Durian.
You will realised that which side you belong. -
Poor people got no money to pay fines.Originally posted by Calvin86:But you noticed its to protect only one company. I dont think you can find that kind of law in one country. Jail seems to be a harsh punishment for what is considered trivial. -
who can we blame except ourselves?
if we have the ability to cheat big corporations of millions and millions of dollars why cheat on bus fares?
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its educating us not to cheat pennies but cheat MILLION!!! and make sinkapor proud!!!!
oh ya hor, how is DUrai case? drag long long... big case bcomes small case and small case bcomes NON. Then the CRIME disappear in the end. -
Aren't bus operators eating as well?
Students buy concession pass yet SBS deploys NAC buses, sad is that there is only aircon stamps available today
I see SBS extra collects abt $1M - $2M from students and NSmen that buy monthly passes.. Worst, students arrives late for class sweating and stinking as SBS makes sure the NAC buses are overloaded
Yet we still see other bus svs with 2-3 empty aircon double decks arriving together... Students subsidising SBS for the 'unprofitable' rts?