SINGAPORE – Reform Party chief Kenneth Jeyaretnam has been directed to put up his eighth correction notice under Singapore’s fake news law for false statements on government land sale prices and the transparency of its endowment and trust funds.
The authorities have been communicating with Mr Jeyaretnam since April and have invited him to assist with the investigations, it said. He has so far remained out of Singapore and has not attended any interviews to assist with investigations, it added. Rather, it is the chief valuer that determines the sale prices and fixes it with reference to the fair market value, it added.
MOF said: “Such valuation principles are similarly adopted by professional valuers in the private sector.” On his final claim, MOF said the Government’s approach to land management is based on Singapore’s planning and development needs, and not to maximise land sales proceeds nor to increase the value of the reserves.
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Source: The Straits Times - 🏆 8. / 63 Read more »