Former Deputy Prime Minister and PAP candidate for Pasir Ris-Punggol GRC candidate Teo Chee Hean today (Sep 6) claimed that S$22.5 million has been handed over to the Workers’ Party town council and used it as a rebuttal to Low Thia Kiang’s evidence that Punggol East SMC actually went into a deficit under the PAP.
“Mr Low very dramatically showed one page of the accounts – there are 20 over pages in the accounts. If you look at the whole set, we were very careful to hand over everything that was due to our residents here. We wanted to do right for them. After we handed over all these accounts – S$22.5 million in cash – AHPETC has never submitted an unqualified set of accounts. So, the real question is … I hope this cash is properly accounted for by them.”
However, the S$22.5 million in cash handed over are meant for the sinking fund and has nothing to do with the income and expenditure of the town council operations. Teo Chee Hean was trying to mislead Singaporeans into believing that Punggol East Town Council has actually a surplus instead of a deficit in fact.