The simple fact of the matter is this: a contract was awarded by 14 PAP-run town councils to a PAP-owned company – a company, mind you, which for 22 years no one knew existed.
Here is the sting: any profits made from such transactions with AIM would go directly into PAP coffers, since AIM is a PAP company, unlike the WP case where any profits do not go into the party’s accounts since the management agency involved, FMSS, is not a WP-owned company.
While “AIM did not make a profit from the TCMS transaction in 2010 [and] its directors were not paid any fees and it charged only a fee to cover its operational costs”, this really is beside the point.
The issue here is that a political party – in fact any political party which owns such a private company providing such services – can benefit politically from such deals. If AIM had made a profit, or had paid its directors, the point would be more stark, and the public outcry would be more devastating to the party. Full story
