As coordinating chairman of town councils, he allowed town councils to gamble and lose millions of residents' money in minibonds.
These councils amass hundreds of millions in resident conservancy fees while many struggle to cough out $66 every single month.
Then there's the NorthWest CDC civil servants getting 8 months bonus saga.
He also failed to stand up for residents in the Fajar wet market incident.
How he got 77.2% of the votes last time round is a mystery....
They didn't make a lose, just earn less profit only.
ReplyDeleteThanks not_wicked for your comment.
ReplyDeleteYou don't make profits this way with bonds. While we don't know the exact magnitude of losses, we know that the Lehman products were deemed worthless. Bottomline is that Town Councils have no business in investment. That's not their mandate.