9/17/2014

Xtron models after GIC


Roy Ngerng’s article comparing GIC with Xtron got him into a legal suit for defamation against Hsien Loong. So touching on this issue demands extra sensitivity to keep Sue away. I have avoided this issue for a long time not so much because of Roy’s law suit but more because it involves a religious organization and a religion. They said it is better to stay away from religion and race. So I took the good advice. I barely read or follow the discussion in the media on the Xtron’s case, perhaps at most glancing at the headlines and giving it a casual glance over.
 

Yesterday someone pointed to me an article in TheNewPaper on the City Harvest Church Leaders Trial. It is very interesting to note that as early as 2008, according to the news report by Ng Jun Sen, Xtron and its relationship with CHC was compared to that of GIC and the Govt. And to be very safe, I quote, “Xtron Productions is like City Harvest Church’s (CHC) own GIC. Its founder Kong Hee had told church members in a speech…Just like the GIC, Xtron was meant to protect the interest of CHC, he had said in August 2008.”
 

These words became the main topic of discussion in the court. And the revelation included how Xtron models and functions, and in a way very similar to GIC. Were they trying to say that Xtron not only modelled its functions like GIC but also works in the same way?
 

And I quote again, “You know, in Singapore, we have GIC? Every time you ask the Govt what is a GIC, they say ‘national security, we cannot make it known to everybody.’” And using this example Kong Hee told his members to keep Xtron’s relationship to the church “within the four walls of the building”.
 

The report in TheNewPaper has many other interesting quotes and revelations as to how Xtron works and the need not to tell the world. Go look up the article yourself, dated 16 Sep. Get a copy of the paper.
Finally, let me conclude this post with a final quote. “Tan(Sharon) claimed that Wee(Serina) had told her not to record minutes at board meetings that pertained to Xtron’s decisions because the church ‘was not supposed to be aware’ of them.
 

The trial continues. This case is getting more and more interesting by the days. Let me double check to ensure that I have not misquoted anything. Please let me know if I have said anything that I am not supposed to say.

Kopi Level - Green

18 comments:

Veritas said...

While preaching superstitious, at least Kong Hee has added some value to the society by giving young people a place where meet one another subsequently romance and have sex.

City harvest service is yet another concert show, where heavy metal musics blast through their air like Satanic rock stars.

City harvest despite of all flaws are far better than SDU, SDS or even Geylang.

CPF is a more sinister organization. She take $ and give us nothing back. She is the war chest of LKY, LHL, Ho Ching and Tony Tan to go on gambling like a mad dog.

Anonymous said...

Hi RB, speed, please be extra careful not to step on toes while you go into the working of GIC. It is a national secret and writing about it could get you into hot soup just as Roy has found himself in. Certain things in Singapore have the OB marker, so please watch what you step on. Some toes are more sensitive than others. Good luck. Enjoy reading your articles, even from 8000 miles away.

Anonymous said...

fear not fear not....

what ever the final outcomes, GOD will "SAVE" them.................

Anonymous said...

I would say to any Singaporean.
If you want to know more about GIC;
Vote in more Opposition MPs to ask the questions in parliament.
Opposition MPs are protected by parliamentary privileges.
I'm sick & tired of seeing Singaporeans risking a lawsuit just because they do not know how to ask the "correct" questions.
Why can't a Singaporean ask a question concerning national assets?
Heck!
56 man years was the answer given to an ELECTED President.

Chua Chin Leng aka redbean said...

Thanks Speed, from 8,000 miles away. Ya, this is a topic that is best not spoken. I more or less just copy the media reports to highlight the point that Xtron modelled after GIC and not the other way round. Just a little factual reporting.

And anyone commenting on this issue, please be sensitive about it.

Anonymous said...

RB, the fact that u wrote about it, u may be toast. So be careful as u can't afford Sue. She is not cheap.

Anonymous said...

Roy was saying GIC is like CHC but actually is the other way round. CHC is like GIC. To Pinky, LP ≠ PL. So Kenna sue.

Anonymous said...

Aiyoh Rb,

Why YEW early morning "reproduced" and "re-reported" such "negative news "?

But on the other hand, aren't YEW been too "worrisome" and "over-worrying" ?

The Chinese has a saying. " 杞人忧天 ".

Are YEW worrying the unnecessary?

The Chinese has another saying: " 庸人自扰 ".

Both means "worrying unnecessarily ".

Leemember the saying of one experienced and regular commenter in MSN?

"The current lots are the bastards of the whores "?

Oops?

Misquote?

Shoud be:

"The current lots are the bestest of the worst "?

Dun worry, be "pappy" ?

"PromiscuousLand " it will be .......

Oops?

Typo?

Should be "promiseland" ?

Dun worry, be "pappy" ?

They won't lead YEW to "shit land" or "abyss land "?

They are the "bestest of the worst "?

So dun worry, be "pappy" ?

And btw rb, dun be " 杞人忧天 " & " 庸人自扰 "?

Dun "stir mud "?

Everything said by them just reply yes , yes like a "pappy"?

They say "JUMP" , YEW can only ask "HOW HIGH "?

NOT ask "WHY" ?

So all these lead to the overturn of the Chinese ancient saying of what leaders should be: " 先天下之忧而忧,后天下之乐而乐 "?

The original Chinese saying implies " Leaders should worry before the masses worry; enjoy only AFTER the masses have ENJOYED ".

The new moto now could be: " 先天下之乐而乐,后天下之忧而忧"?

Roughly translated, the " new moto " could mean: "ENJOY AHEAD of the masses; worry only when the masses are all suffering in deep shit and pain and the fire already burning at the door and only jump out when the fire STARTS BURNING the couch the ass is sitting on"?

Dun worry, be "pappy" ?

YEW are in the " best hands"?

"The bestest of the worst "?

"The bastards of the whores "?

Chua Chin Leng aka redbean said...

When yew posted this,

" 先天下之忧而忧,后天下之乐而乐 "?

The original Chinese saying implies " Leaders should worry before the masses worry; enjoy only AFTER the masses have ENJOYED ".

I was thinking to myself, you are making life very difficult for them. How could people earning millions worry before people who are living from hands to mouth?

Luckily yew said, added this, 'the " new moto " could mean: "ENJOY AHEAD of the masses; worry only when the masses are all suffering in deep shit and pain....' This is more reasonable and practical.

Matilah_Singapura said...

kepala butoh @redbean:

»»They said it is better to stay away from religion and race.««

1. Who the fuck is "they"?

2. Redbean has never had a problem slamming race, and elevating local xenophobia to levels previously unmatched.

»» I have avoided this issue for a long time[...]because it involves a religious organization and a religion. ««

What a fraud. Redbean has no problems slamming race, politics, other cuntrees and their peoples...but comes to religion (all bullshit with no empirical proof), our great roadside storyteller becomes soft.

Nigger, please...

Anonymous said...

@ Chua Chin Leng aka redbeanSeptember 17, 2014 11:12 am

/// When yew posted this,

" 先天下之忧而忧,后天下之乐而乐 "?

The original Chinese saying implies " Leaders should worry before the masses worry; enjoy only AFTER the masses have ENJOYED ".

I was thinking to myself, you are making life very difficult for them. How could people earning millions worry before people who are living from hands to mouth?

Luckily yew said, added this, 'the " new moto " could mean: "ENJOY AHEAD of the masses; worry only when the masses are all suffering in deep shit and pain....' This is more reasonable and practical. ///


Yes, Rb!

YEW made a VERY VALID point.

YEW are putting them in a "VERY DIFFICULT " position if it's the original Chinese saying?

With the millions $$$$$$ remunerations, 20,000 sq ft landed bungalow, opulent living, $100,000 3-day exotic European cuisine holidays cooking lessons, $$$$$50 millions French Chateau rebuilt and reconstructed in SINKIELAND, how to feel like a "pauper suffering" like the masses ?

The new saying "overturning" the original saying on "its head " would be more apt to "do justice to the current reality"?

Chua Chin Leng aka redbean said...

Anon 11:44, pure wisdom.

Virgo49 said...

Hi Anon at 9.13

Do you not think it is better, betterer, betterest to VOTE in the candidates- do not call them ruling or opposition parties to be the RULING Government???

If the so called Opposition Party candidates become the Ruling Governemt, dont it is better, betterer, betterest to have the last Government put on audit so that they cannot chook forty eight (48) to get away with all sorts of reasons and excuses.

Instead of more opposition MPs asking questions.

Cheers!!!

Anonymous said...

An audit before taking over the reins of government sounds like a good idea.
But this can only happen if PAP is not the government.
- the best that I'm hoping for is maybe another one or two PAP GRC falls to the Alternative Parties.

Singaporeans are too daft to vote out PAP.

Chua Chin Leng aka redbean said...

Can you imagine how the questions would be like in parliament with a new govt questioning the PAP in opposiiton?

Anonymous said...

@ Chua Chin Leng aka redbeanSeptember 17, 2014 1:57 pm

/// Can you imagine how the questions would be like in parliament with a new govt questioning the PAP in opposiiton? ///

Given 60% sinkies mentality and the incumbent' s ability to change, adapt, give out sufficient goodies at the last or crucial moments, the scenario YEW painted is highly unlikely to materialize............

As mentioned by some others, it would be very "lucky" for the hopeful 40% that another one, two or three GRCs are marginally "swung" over to Teochew Ah Hia's "Walkabout Party " and/ or the motherly sensible moderate legally-trained SG's "Nicole Seah Party "?

And that is a maybe?

Can't see any other ward that is likely to fall?

As of now ........?

But never say never ........?

The dateline of Jan 2017 is still 27 months away and monumental events may precipitate to alter any odds in the "bookies betting books"?

b said...

GIC is the investment arm for the youknowwho empire. Its just like the CK holdings (HK) of LKS. Both are kindly sponsored by the local people of course. Holding on tightly to the power is very important for the empire building. Letting go is not allowed.

"Don't let them in,
don't let them see
Be the good girl (or boy) you always have to be
Conceal, don't feel,
don't let them know"

Let it Go - Disney

Anonymous said...

If mandate is up, heaven might intervene to ensure masses do not suffer further as happened countless times in China's long history.

There is still time to repent before Jan 2017.

However, yet again there may not because once somebody said they need 56 man-years to prepare the accounts.

Was it CHOKE YEW who said that?

Or CHAR YEW OR WAS IT CHOKE TAO?

Can't get the name combination correct?

Any smart soul knows the correct name?

Pls kee chiu.

Let's try again?

Was it the quitter daughter' s pa-ther? Lao peh? Wu chak 洞? Or Wu Chak 痛? Chak YEW 痛痛?

Or CHOKE YEW? CHOKE until YEW 没气?