Roy's affidavit submission today...

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An honorable member of the Coffee Shop Has Just Posted the Following:

Mr Ngerng says that the GIC’s “stated position [was] not transparent, as one is unable to discern whether it is MAS, GIC or Temasek that manages CPF monies.”

He added that “it is inconceivable that GIC does not know whether or not it manages CPF funds” given that “the Plaintiff, the two deputy prime ministers and the ministers for Trade & Industry and Education sit on the board of directors of GIC.”

It was only later on that the GIC “admit to managing CPF monies”, Mr Ngerng says, after he had published his allegedly offensive article.

“Likewise, the Government has only after I published the article stated that Temasek Holdings does not manage CPF monies. This was quite different from GIC’s initial public statement that CPF monies flow into reserves which could be managed by either GIC, MAS or Temasek Holdings and that they were not told explicitly whether they were managing CPF monies or not.”

Mr Ngerng’s affidavit then pointed to three occasions in the past where he said “the Government and the GIC had denied that the GIC manages CPF monies.”

In his affidavit, Mr Ngerng explains:

http://www.tremeritus.com/2014/08/04...0%99s-lawyers/


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