When a Taiwanese current affairs talkshow mentioned that the wife of corrupted Prime Minister Lee Hsien Loong earns NT$2.1 billion a year (S$100 million) at Singapore sovereign wealth fund company Temasek Holdings, the government quickly declared it as fake news and issued 4 POFMA orders to Singaporeans who shared the content of the talkshow.
Temasek Holdings denied that its CEO, Ho Ching, take home S$100 million a year. The company refused to disclose how much she earns but they gave a hint that her salary is lower than only 5 other executives in the company:
“This claim is false. Furthermore, Ho Ching’s annual compensation is neither the highest within Temasek, nor is she amongst the top five highest-paid executives in Temasek.”
Singapore’s anti-corruption agency, the CPIB, dare not prosecute Ho Ching for corruption because it reports directly to her husband, Prime Minister Lee Hsien Loong. The Lee family are above all law in the dictatorship.
Ho Ching’s salaries have been under public scrutiny because of massive debt chalked up by Temasek Holdings. The company in its annual report last year reported S$50 billion of debt, increased by at least 20% against the year before – raising suspicions that the “profits” report yearly is actually funded from borrowings.
The wife of Prime Minister Lee Hsien Loong does not exhibit any sign of intelligence either, with her recent comments causing a bilateral quarrel between PAP supporters and Taiwanese citizens. Ho Ching recently criticised Taiwan as hypocritical for sending medical supplies to Singapore, and accused Taiwan of withholding face masks produced by Singapore company ST. The Temasek Holdings CEO is trying to find excuse for the severe shortage of face masks and personal protection equipment in Singapore.
The Taiwan government has since debunked her fake news confirming that none of the face masks produced by the ST were stopped from being exported to Singapore.
Ho Ching was forced to apologise to Taiwan and she asked for forgiveness, which ended the internet war between PAP supporters and Taiwanese citizens.