One question about Old NKF
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while having lunch with some neutral colleagues today, one quick thought and question came across.
since the old NKF was a screwed up case, why wasn't there a commission to inquire into what should be done to make sure that it does not happen again?
why wasn't there a commission to audit all the government agencies to make sure it does not happen there?
why? -
25 May 2007
Reuters
Singapore auditors find irregularities in ministries
Several high-profile Singapore government departments have committed financial and accounting irregularities, a parliamentary report said on Friday.
The report by the parliament's Public Accounts Committee highlighted procurement irregularities, unfair payment practices and circumvention of internal controls at key departments in the Singapore government, which has repeatedly topped polls for being one of the least corrupt regimes in the world.
The accounts committee said that the Economic Development Board (EDB), the city-state's powerful economic agency, had shown lapses in its governance structure, financial operations, procurement and accounting systems.
"This was the first audit of the EDB undertaken by the Auditor-General and the audit had given rise to a large number of observations in which the board had not established proper internal control procedures," the accounts committee said in the report released on Friday.
A sum of S$105 million ($69 million) allocated in the EDB's 2005/06 budget was not submitted to the EDB's board for approval, and the board had allowed staff to grant loans and to borrow without reporting that to the board, the report said. -
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I just wanna say,Originally posted by Daddy!!:while having lunch with some neutral colleagues today, one quick thought and question came across.
since the old NKF was a screwed up case, why wasn't there a commission to inquire into what should be done to make sure that it does not happen again?
why wasn't there a commission to audit all the government agencies to make sure it does not happen there?
why?
If the PEOPLE had more courage earlier and
questioned the institution earlier, the GREEDy act might not have become so rotten.
Even now, I have not resumed donation.
I have no money.
If I have money drop from the sky, I may even consider. -
Mmmmm.......
mayb gahment got share....
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Even if there was an investigation they probably used the reports as toilet paper and flushed them down those pristine gold toilet bowls
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Now that you mention it, what ever happened to the gold taps?Originally posted by Demonight:Even if there was an investigation they probably used the reports as toilet paper and flushed them down those pristine gold toilet bowls
Does anyone know? -
What I'm more interested in is the current situation of the reporter who broke the storyOriginally posted by marcolow:Now that you mention it, what ever happened to the gold taps? Does anyone know? -
What I'm more interested in is the current situation of the plumber who reported the golden taps.
Is he still contributing to the new NKF?