[b]Sorry NKF, Community Chest and all other charity org[/b]
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You're almost there.Originally posted by regr3t:i think what we got to do now is to carry on the donation we r making. We will wait n See wat government will do after the rise of GST. I doubt dey will do nth, but got to c how much dey r helping the poor. Government haf this decision is to WEI YU CHO MO!! Coz 10 years down the road, a lot of company will haf alot of foreign n cheap managers n supervisor!! I believe government is looking into this issue nowadays!! Therefore, the increase in GST will even help us in future!!!
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i will only donate to Spools and temples from now on
and to CDAC as well since i m too lazy to get the application form to cancel the 'opt-out' $1 monthly donation. -
so sorry state of affairs, so many years of charity $$$ gone down the drain -
Mrs GCT had defended TT Durain.......But why she resigned from the board as Patron.
If she deemed that TT durain's pay salaries were peanuts and he ought to deserve more...why she resigned? In fact, she should stay on to fight for TT durain....right?
God Damn it!!!!!
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actually i always wanna ask..Originally posted by photo_seeker:Singapore Pools donation is via Sponsorship / lump sum donation.
Don't ever use the above excuse to bet. It will only encourage you to bet more because this though exist in the sub-conscious mind.
And a Christian will tell you that the 10% tithes is what they give without grudges.
10% tithe is after tax or before tax? -
Yes, there is a possibility of rise, but it won't be so soon.
However, if you are to look at the whole picture, Singapore have NO natural resources, hence where do the government get their income? It's via taxes and investment. Don't you get it? Or you want to pay 17% instead, like Sweden?[b]
well i dont mind if the govt can provide the same social benefits like the sweden.
we need to make fair comparison.[/b] -
Mrs GCT had defended TT Durain.......But why she resigned from the board as Patron.
If she deemed that TT durain's pay salaries were peanuts and he ought to deserve more...why she resigned? In fact, she should stay on to fight for TT durain....right?
God Damn it!!!!!
coz mrs GCT dont give a damn whether how the funds are being spent in the NKF. that why she say peanuts salary. give the old woman a break, she know nuts about what is the average singaporean are earning.
why nobody question mediacorps and how much the charge for each charity shows? coz i strongly believe they could have blow the whistle but choose not to because of monetary benefits. -
Damn, to think that my flag day is about to come...
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what happen to TT now? did i missed out anything? why no news?
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Former NKF directors Chua, Loo and Yong declared bankrupt
Move follows their failure to pay legal fees; Loo and Yong guilty of negligence
(SINGAPORE) Former National Kidney Foundation (NKF) board members Richard Yong, Loo Say San and Matilda Chua were yesterday declared bankrupt by the High Court, after failing to meet demands for payment issued by the charity's lawyers.
Guilty verdict: Richard Yong (left) and Loo Say San were yesterday fined $5,000 each for being negligent in carrying out their duties as directors of the charity. Both of them have been barred from being directors of any company for a period of time
The move came just hours after Yong and Loo were convicted in the Subordinate Courts of being negligent directors and fined $5,000 each. The bankruptcy order means that Yong, Loo and Ms Chua can no longer deal in their assets, nor can they leave the country, until the order is lifted.
Their properties will now be vested in the Official Assignee - an officer of the court appointed as the trustee and receiver of a bankrupt's estate - who will administer the estate, which will include the selling of assets, registration of creditors' claims and paying out dividends to the bankrupts' creditors.
Yong, Loo and Ms Chua will also not be able to travel or leave the country. And all legal proceedings against them or started by them will be stayed. The bankruptcy declaration comes three months after the former directors admitted to having breached their duties as directors while serving on the NKF board - an admission which threw them open to millions of dollars worth of claims filed by the NKF.
Yong, Loo and Ms Chua's admission of wrongdoing in February ended the high-profile civil suit which had grabbed the public's attention for weeks - but it also meant that they then became liable for about $12 million worth of claims filed against them, and former CEO TT Durai, by the NKF.
Exactly who pays how much will be assessed in a damages hearing expected later this year.
But that wasn't all: the three former directors and Durai also owe the NKF's lawyers, Allen & Gledhill (A&G), another $2.5 million in legal fees incurred as a result of the long-running civil suit.
A&G issued statutory demands against Yong, Loo and Ms Chua in April, demanding that they pay $100,000 each in legal fees, and more than $800,000 for certain categories of damages that do not need to be assessed. This comprises $230,000 in payouts to Ms Chua and about $570,000 in legal fees incurred in a failed defamation suit brought by the old NKF against Singapore Press Holdings. It is understood that Durai is trying to work out certain terms with NKF regarding the demands for payment.
The failure by Yong, Loo and Ms Chua to meet the demands prompted A&G to file an application for bankruptcy against them - which resulted in the court eventually declaring the three former directors bankrupt yesterday.
Separately, Yong and Loo were earlier yesterday found guilty by the Subordinate Courts for being negligent in carrying out their duties as directors of the charity - and fined the maximum amount of $5,000 each, under the charge. Both have been barred from being directors of any company for a period: Yong for four years, and Loo for three years.
The two were convicted yesterday of having failed to use 'reasonable diligence' in the discharge of their duties, by causing NKF to make excessive payments to software company Forte Systems Inc in 2004.
The court heard how Yong and Loo had failed to consult NKF's head of IT, Krishnan Jayaraman, on the amount of work Forte had done, before approving a payment sum which was deemed in excess of what was truly owed to Forte.
District Judge Jasvender Kaur, in delivering the grounds of her judgment yesterday, said it was 'clear that Loo had limited knowledge and understanding of this technical project and was not aware of NKF's rights under the agreement'.
She added: 'Yong was in an even worse position. He did not seem to have any inkling of the relevant provisions of the agreement and the requirements of the development of the software project.'
Judge Kaur said that directors in this day and age have to meet demands that are more exacting than before. Citing the case of Williams vs McKay, she said: 'A director is not an ornament, but an essential component of corporate governance. Consequently, a director cannot protect himself behind a paper shield bearing the motto 'dummy director'.'
She judged that Yong and Loo had not performed their duties with the same degree of care and diligence as a reasonable director in their position would have.
Both were convicted under Section 157 of the Companies Act, and made to pay the maximum fine of $5,000 each.
Commenting on the outcome yesterday, Yong and Loo's lawyer, Chia Boon Teck, said: 'My clients were volunteer directors who attended to NKF matters on a part-time basis. They regret not having spent more time with their families instead. This is a wake-up call for other volunteer directors.' -
Originally posted by Gazelle:
wat bout dat TT guy?
[b]Former NKF directors Chua, Loo and Yong declared bankrupt
Move follows their failure to pay legal fees; Loo and Yong guilty of negligence
(SINGAPORE) Former National Kidney Foundation (NKF) board members Richard Yong, Loo Say San and Matilda Chua were yesterday declared bankrupt by the High Court, after failing to meet demands for payment issued by the charity's lawyers.
Guilty verdict: Richard Yong (left) and Loo Say San were yesterday fined $5,000 each for being negligent in carrying out their duties as directors of the charity. Both of them have been barred from being directors of any company for a period of time
The move came just hours after Yong and Loo were convicted in the Subordinate Courts of being negligent directors and fined $5,000 each. The bankruptcy order means that Yong, Loo and Ms Chua can no longer deal in their assets, nor can they leave the country, until the order is lifted.
Their properties will now be vested in the Official Assignee - an officer of the court appointed as the trustee and receiver of a bankrupt's estate - who will administer the estate, which will include the selling of assets, registration of creditors' claims and paying out dividends to the bankrupts' creditors.
Yong, Loo and Ms Chua will also not be able to travel or leave the country. And all legal proceedings against them or started by them will be stayed. The bankruptcy declaration comes three months after the former directors admitted to having breached their duties as directors while serving on the NKF board - an admission which threw them open to millions of dollars worth of claims filed by the NKF.
Yong, Loo and Ms Chua's admission of wrongdoing in February ended the high-profile civil suit which had grabbed the public's attention for weeks - but it also meant that they then became liable for about $12 million worth of claims filed against them, and former CEO TT Durai, by the NKF.
Exactly who pays how much will be assessed in a damages hearing expected later this year.
But that wasn't all: the three former directors and Durai also owe the NKF's lawyers, Allen & Gledhill (A&G), another $2.5 million in legal fees incurred as a result of the long-running civil suit.
A&G issued statutory demands against Yong, Loo and Ms Chua in April, demanding that they pay $100,000 each in legal fees, and more than $800,000 for certain categories of damages that do not need to be assessed. This comprises $230,000 in payouts to Ms Chua and about $570,000 in legal fees incurred in a failed defamation suit brought by the old NKF against Singapore Press Holdings. It is understood that Durai is trying to work out certain terms with NKF regarding the demands for payment.
The failure by Yong, Loo and Ms Chua to meet the demands prompted A&G to file an application for bankruptcy against them - which resulted in the court eventually declaring the three former directors bankrupt yesterday.
Separately, Yong and Loo were earlier yesterday found guilty by the Subordinate Courts for being negligent in carrying out their duties as directors of the charity - and fined the maximum amount of $5,000 each, under the charge. Both have been barred from being directors of any company for a period: Yong for four years, and Loo for three years.
The two were convicted yesterday of having failed to use 'reasonable diligence' in the discharge of their duties, by causing NKF to make excessive payments to software company Forte Systems Inc in 2004.
The court heard how Yong and Loo had failed to consult NKF's head of IT, Krishnan Jayaraman, on the amount of work Forte had done, before approving a payment sum which was deemed in excess of what was truly owed to Forte.
District Judge Jasvender Kaur, in delivering the grounds of her judgment yesterday, said it was 'clear that Loo had limited knowledge and understanding of this technical project and was not aware of NKF's rights under the agreement'.
She added: 'Yong was in an even worse position. He did not seem to have any inkling of the relevant provisions of the agreement and the requirements of the development of the software project.'
Judge Kaur said that directors in this day and age have to meet demands that are more exacting than before. Citing the case of Williams vs McKay, she said: 'A director is not an ornament, but an essential component of corporate governance. Consequently, a director cannot protect himself behind a paper shield bearing the motto 'dummy director'.'
She judged that Yong and Loo had not performed their duties with the same degree of care and diligence as a reasonable director in their position would have.
Both were convicted under Section 157 of the Companies Act, and made to pay the maximum fine of $5,000 each.
Commenting on the outcome yesterday, Yong and Loo's lawyer, Chia Boon Teck, said: 'My clients were volunteer directors who attended to NKF matters on a part-time basis. They regret not having spent more time with their families instead. This is a wake-up call for other volunteer directors.'
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seem like he's getting away scot-free... -
100% agree over here =X .. Singapore's living expense is so high already.. still use increase gst as an "excuse" to say help the poor.. since its the case.. we shall let them help it out =X
And i dun understand something.. car radio need to be pay service tax or anything 1 ar? its funny man.. no i shd say its dissapointing... tax so much go help charity urself lorz.. tats wad me and a lot of my friends thinking.. i'm just saying out here to share abt my point of view..
again, sry to all those charity org.. -
Ex-NKF chairman Yong leaves S'pore without permission. Last seen in KL on 21st May.
Straits Times, May 31, 2007.
Now, his status is "whereabouts unknown". -
What about Durai? Can he be located?Originally posted by googoomuck:Ex-NKF chairman Yong leaves S'pore without permission. Last seen in KL on 21st May.
Straits Times, May 31, 2007.
Now, his status is "whereabouts unknown". -
Hehehe.......you got me !Originally posted by iveco:What about Durai? Can he be located?
I don't know. -
ahhhhh......politics,you'll never know whats true or false with them .
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I presume some people will never step foot into Singapore again.
Having a blast with their million dollars overseas. -
How can the authorities allow the ex-chairman of the old NKF escape? Why must the job of recovering the monies from these cronies be left to the powerless board of new NKF? Who actually supported these group of cronies in their heydays?
Those people, pls wake up! Your salaries come from the taxpayers and it still is. If they have the guts to ask for increments, they better do a good job, and make sure there are quick actions, instead of keeping quiet and pretend that it is none of their business.
Yes, the damage is done. But at least they should try to recover whatever they could and put those responsible behind bars - swiftly. Singapore's reputation as a corruption-free city could at least be uphold, if not further diminished.
Sorry, if it offends anyone. But I cannot ta-han this kind of indifference attitude anymore. -
If the government really want to see justice be done, do you think they will risk to allow him to flee? Durai is allowed to go over sea which is permitted by local authority, which is like giving him a choice to flee or come back for trial. Has any one in Singapore history being given such special privilege before? Is this not the case? Don't forget he has Singapore queens to back him up. Everyone knows old NKF is a can of worms, are there a bigger can of worms out there? Will NKF exposes a bigger can of worms in Singapore?Originally posted by rainboyz:How can the authorities allow the ex-chairman of the old NKF escape? Why must the job of recovering the monies from these cronies be left to the powerless board of new NKF? Who actually supported these group of cronies in their heydays?
Those people, pls wake up! Your salaries come from the taxpayers and it still is. If they have the guts to ask for increments, they better do a good job, and make sure there are quick actions, instead of keeping quiet and pretend that it is none of their business.
Yes, the damage is done. But at least they should try to recover whatever they could and put those responsible behind bars - swiftly. Singapore's reputation as a corruption-free city could at least be uphold, if not further diminished.
Sorry, if it offends anyone. But I cannot ta-han this kind of indifference attitude anymore. -
quote:
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Originally posted by rainboyz:
How can the authorities allow the ex-chairman of the old NKF escape? Why must the job of recovering the monies from these cronies be left to the powerless board of new NKF? Who actually supported these group of cronies in their heydays?
Those people, pls wake up! Your salaries come from the taxpayers and it still is. If they have the guts to ask for increments, they better do a good job, and make sure there are quick actions, instead of keeping quiet and pretend that it is none of their business.
Yes, the damage is done. But at least they should try to recover whatever they could and put those responsible behind bars - swiftly. Singapore's reputation as a corruption-free city could at least be uphold, if not further diminished.
Sorry, if it offends anyone. But I cannot ta-han this kind of indifference attitude anymore.
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Yaya! Me and my family members and my friends and anything and whatever, all cannot ta-han liao!!! How can those bloody people run out of our "very secured" country SO EASILY???? How can we let them run out???? What has gone wrong??? Buay ta-han! Really buay ta-han man!!!!
Haha! Now Let us open our eyes BIG BIG, wait and see whether those bloody people will behave like "good boy"!
Will they automatically come back??
We have already know that they are bloody people, Now, let us open our eyes BIG BIG and see whether they are "intelligent" or "stupid" people!
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How come nobody saw this?
Monday June 11, 2:29 PM
[/quote]
Former head of Singapore's biggest charity found guilty of cheating
The former head of Singapore's biggest charity was found guilty Monday of falsifying documents and faces up to five years in jail.
T.T. Durai, the former chief executive of the National Kidney Foundation, also faces a maximum fine of 100,000 Singapore dollars (65,359 US).
District judge Aedit Abdullah said evidence submitted during the trial showed Durai was guilty of deliberately cheating the foundation with a false invoice of 20,000 dollars.
The judge said Durai intended to cheat the foundation with the false invoice to pay a firm for consultancy services when in actual fact it was to reward an associate for his fund-raising efforts.
"Having come to the conclusion therefore that the charge was made out, I accordingly find the accused guilty and convict him," the judge said.
The court is expected to pass sentence on June 21 after Durai's lawyer makes a final mitigation plea.
Durai stepped down from the foundation in 2005 following revelations he drew an annual salary of 600,000 dollars plus first-class air travel and upkeep for his luxury car.
The scandal emerged after Durai filed a defamation suit against The Straits Times newspaper when it reported that a gold-plated tap had been installed in the private bathroom of his office.
The disclosures triggered public outrage because an estimated two-thirds of Singaporeans -- many of them working class -- had donated money to the foundation, which provides subsidised dialysis services to kidney patients.
Critics said Singapore's reputation for good corporate governance was dented following the revelations, prompting the government to subject charities to stricter regulation.
Singapore is consistently ranked by independent business surveys as among the least corrupt countries in Asia.-Yahoo News -
Woah! CNA reported that Richard Yong was nabbed in HK.
Coming home soon
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so what if he is back, our donation all gone, ihave stopped donation to all, cant trust any bodyOriginally posted by googoomuck:Woah! CNA reported that Richard Yong was nabbed in HK.
Coming home soon