At the Corrupt Practices Investigation Bureau (CPIB) exhibition yesterday (April 7th), Prime Minister Lee Hsien Loong said that Singapore has a clean and incorrupt system that is globally recognised. He then claim that the CPIB is an independent body and can investigate anyone including the Ministers.
However, the CPIB reports to the Prime Minister himself and it begs the question who is there to investigate the Prime Minister for corruption.
PM Lee then brought up the 1996 incident where former-PM Lee Kuan Yew and himself (then still a Deputy PM) received up to 12% discount on two Nassim Jade condominums. The father and son then declared they were unaware of the discounts when exposed, and then issued a press release saying they will treat the discounts as unsolicited gifts and donate them to the government. Lee Hsien Loong and Lee Kuan Yew were then cleared of corruption by Prime Minister Goh Chok Tong. You may view the CNN report here. More notably, this incident was not flagged by the CPIB.
According to PM Lee, the number of corruption complaints increased to 877 in 2015, a 19.15% increase from 2014. However the number of cases registered decreased to 132 instead. There is no explanation behind the spike in number of complaints and the lowered-registered rate by CPIB.
CPIB also revealed that there were 15 cases of registered corrupted cases in the civil service in 2015.
Lee Hsien Loong is the Prime Minister and also the Chairman of the sovereign wealth fund company GIC while his wife is the CEO of Temasek Holdings. Both sovereign wealth fund companies borrow funds from the CPF at cheap interest rate under the SSGS bonds to invest, and pocket the higher return as revenue. When criticized by online blogger Roy Ngerng, Lee Hsien Loong sued the blogger and the latter was founded guilty for defamation in a default judgment without a trial and made to pay S$150,000 in damages.