As Sylvia Lim pointed out, the questions have to be: Why did the PAP Town Councils relinquish ownership of the computer and financial system, and how much did they sell it to AIM for?
After the [general election] in May 2011, the Town Council was served with a notice that the Town Council’s Computer and Financial Systems will be terminated with effect from 1 August 2011 due to material changes to the membership of the Town Council. This Computer and Financial Systems had been developed jointly by the 14 PAP Town Councils over a period of more than 15 months but was in January 2011 sold to and leased back from M/s Action Information Management Pte Ltd, a company which was dormant. This effectively meant that ATHC had to develop its own equivalent systems, in particular a Financial System, within a 2 months’ timeframe.Full story
– http://www.ahtc.org.sg/ahtc/wp-content/uploads/2012/12/TCMR-Media-Release.pdf
Related:
- Where is the financial logic? Town councils develop computer system only to sell and lease back from dormant company run by ex-PAP MPs - CNA Forum
- Eternally Gratified - Singapore Notes
- What has Aljunied-Hougang TC’s IT system got to do with Changi airport? - TR Emeritus
- REVEALED: The Chairman of the 'dormant' firm which bought the Computer and Financial Systems jointly - Hardwarezone Forum
- Town Council IT systems developed by TC fund and sold back to dormant company - Hardwarezone Forum
- Directorships of Mr S. Chandra Das - spicei2i.com
