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Why the silence by Minister Shanmugam on his S$88 million property sale?

When it comes to addressing allegations, Minister for Home Affairs and Law, K Shanmugam, is known for his swift and decisive responses, as evidenced by his and Dr Vivian Balakrishnan’s rapid legal actions against Mr Lee Hsien Yang (LHY) for defamation, and their recent rebuttal to LHY’s statement on Facebook. Yet, his silence regarding the S$88 million sale of a Good Class Bungalow (GCB) in August 2023 is puzzling and raises concerns about transparency and potential conflicts of interest. Given the sheer size of the transaction—turning a property bought for S$7.95 million into an S$88 million sale—it warrants heightened scrutiny, especially for a public servant holding significant authority. The sale of his GCB at 6 Astrid Hill to a trustee via UBS Trustees (Singapore) Ltd, managed by his former law firm, further raises questions about who the actual beneficiaries are and whether the transaction was approved under criteria that typically fall within the purview of the Singapore Land Authority (SLA). The public deserves clarity on who the buyer was, especially since the approval for such sales typically requires SLA’s sanction if the buyer is a foreigner or if the transaction involves unusual conditions. Mr Shanmugam's position of power makes it all the more important for such dealings to be transparent, in order to avoid the perception of inconsistencies in public accountability. Read more at: https://www.theonlinecitizen.com/2024... ------- Love to see more of such content on our YouTube channel? Help us create more by becoming a member on Patreon! Join now: Patreon.com/CitizenMediaFund Subscribe to our YouTube channel:    / @theonlinecitizenasia   Follow us on Instagram:   / theonlinecitizen   Follow us on Facebook:   / theonlinecitizen   Follow us on Telegram: https://t.me/theonlinecitizenasia