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KEY POINTS MADE BY THE PLAINTIFFS IN CLOSING

KEY POINTS MADE BY THE PLAINTIFFS IN CLOSING 1. Starting position : (a)    Starting position is that all payments made to FMSS / FMSI – S$33.7m – were entirely illegal and improper. (b)    All of these payments were made under a payment system which has no accountability whatsoever. 2. KPMG’s findings : (a)    KPMG was severely critical of the entire payment system that TC has put in place. (b)    KPMG found the system to be “ seriously flawed ” where “ [a]n unacceptably high degree of financial responsibility was relinquished by the Town Councillors to the Conflicted Persons, in a control environment in which meaningful oversight by the Town Councillors was absent ”. 3. Sylvia Lim and Low Thia Khiang (Low) acted for collateral purposes : (a)    Set out to favour How Weng Fang and Loh Thia Khiang (their friends) and let them profit from the TC. (b)    This is a wholly unacceptable purpose, and is dishonest. (c)    They did so by appoin
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FMSS’ PROFITS VS AHTC’S DEFICITS

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FMSS’ PROFITS VS AHTC’S DEFICITS FMSS’ How Weng Fan (How) was cross-examined by Mr Davinder Singh (DS) today. For those unfamiliar with FMSS, this was a start-up MA company started by How and her late husband, Danny Loh (Loh), both WP supporters, in May 2011. FMSS was awarded two MA contracts by the WP-controlled AHTC despite lacking experience running a GRC. The first 1-year MA contract with a value of about S$5 million was awarded to FMSS by waiver of tender.   The second 3-year MA contract with a value of about S$16 million was awarded by tender to FMSS, though FMSS was the sole bidder.   These figures exclude separate (and additional) project management fees paid by AHTC to FMSS. During the earlier part of the TC trial, we learnt from the WP MPs that FMSS charged more than CPG, the incumbent MA, even though the FMSS contract was stated to be “ at the prevailing Managing Agent’s fees and fees structure as per the existing Managing Agent contract ” .
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