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