Ministers urge WP to run forensic audit of managing agent
Low repeats point that contractors don't want to take on jobs in opposition wards
Lee U-Wen
Singapore
THE Workers' Party (WP) must conduct a forensic audit on its town council's managing agent and take legal action if public funds have been misused, two ministers asserted on Friday.
National Development Minister Khaw Boon Wan said that "inflated fees" were paid to FM Solutions and Services (FMSS), the managing agent of the WP-run Aljunied-Hougang-Punggol East Town Council (AHPETC), in return for "gross incompetence" which has put the town council's entire financial health at risk.
TRENDING NOW
DBS COO’s most important tip for AI transformation: Lead with ‘why’
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
Two-thirds of Sentosa Cove resales in the red, with average loss topping S$1 million since 2023