Dictator Prime Minister Lee Hsien Loong has appointed his former private lawyer, the current Attorney General to be a board director member of the Monetary Authority of Singapore (MAS). The MAS, under the Prime Minister’s Office, manages CPF funds and the national reserves, and act as a middleman between the Ministry of Finance under PM Lee Hsien Loong, and GIC, whose chairman is also PM Lee Hsien Loong.
AG Lucien Wong will act as Lee Hsien Loong’s proxy, like other MAS board members who are all PAP Ministers. Finance Minister Heng Swee Keat, Deputy PM Tharman Shanmugaratnam (chairman) and Minister of Trade and Industry Lim Hng Kiang (deputy chairman). The former private lawyer was appointed last year by President Halimah Yacob, also a puppet president of PM Lee Hsien Loong.
Unlike his father Lee Kuan Yew who hired based on meritocracy, cronyism is a major strategy of PM Lee Hsien Loong as the PM is trying to establish a circle of trust to defend his dictatorship.
Ex-military officers have also taken key leadership roles in both politics and in state-owned companies. The CEO of SPH, Ng Yat Chung, the two CEOs of SMRT, Desmond Kuek and Lee Ling Wee, Speaker of Parliament Tan Chuan Jin, Minister of State Chan Chun Sing and Education Minister Ng Chee Meng are some of the more prominent names who have attained their position through Lee Hsien Loong’s direct appointment despite having zero experience running a private or public entity.