Tuesday, August 04, 2009

SCMP:Flawed system

A few days ago I was in a hospital in Tsuen Wan waiting to have some X-rays taken when I read a notice, the gist of which was, that if someone claiming CSSA benefits was found to be doing so without being entitled to them that they could be liable to serve 10 years in prison. I was astounded, as only a day or so earlier I had read that all the bankers involved in the selling of the worthless minibonds had been let off scot free.

Banks and their agents can knowingly promote and sell worthless bonds to thousands of unwitting investors and receive nothing by way of punishment other than a warning not to do it again. But a family desperate just to survive - not to make money, just survive - could result in a family member going to prison for 10 years.

There must be something terribly wrong with the justice system for this to be so.
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2 comments:

Anonymous said...

This is a world of connections. If you are an individual without any connections then you get everything thrown at you. But if you are an institution with powerful connections then it is a different story. Isn't it true? You all still believe that it is meritocracy and that Singapore does not have enough talent such that we have to import them? Talented in what? Being subservient? Think about it.

August 04, 2009 11:39 PM
Anonymous said...

HK also got similar problem, but only a matter of scale / proportion.

In HK, they get 70%, in Sg 0 -35% (?)
Don't forget, up to now, many still get nothing here.

August 05, 2009 7:28 AM

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