09 December 2005

Let all the poisons hatch out...

The latest revelations about the NKF hardly come as a surprise. We knew all along that NKF was poorly managed, that they had a creative approach to accounting, that without any transparency, Durai and his minions got away with their misdeeds for years.

Previous NKF coverage on this blog:
Get that Man a Peanut!
He who lives by the peanut
and The peanut that launched a thousand ships.

So far, all my accusations and analyses have proven true, and Matilda Chua is apparently the next in line for a Durai treatment.

I urge Health Minister Khaw Boon Wan to step down after investigations are over.

1. Minister Khaw knew about the massive reserves and defended them last year. Khaw now muses regretfully why NKF got away with it for so long. The fact is NKF's excesses had always been under public scrutiny for the best part of the past 5 years. The fact is Minister Khaw and his precedessors at the ministry had always risen to NKF's defense. The fact is, with the backing of the Minister of Health, who would dare go up against NKF?

2. Pricewaterhouse Coopers, the government taxman, and the commissioner for charities have all audited the NKF's books for years and found nothing objectionable or illegal. I urge all of them to step down from their posts as well. They're bloody incompetent since it didn't take too long for Gerard Ee and his gang of newcomers to pick apart NKF's game plan.

3. If Minister Khaw says NKF can't be run by an emperor like old China, why should Singapore be run by an emperor like old China?

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