atans1

AHTC: Ownself sue ownself cont’d

In Corporate governance on 27/07/2017 at 3:16 pm

(Or “Waz having to account really mean?”)

Reacting to the headline figure of $33m, the cybernuts are saying that it’s political persecution of the defendants.

Only Low and Auntie are being asked to account for the $33m spent, not Priam Singh or the other defendants.

Mr Chua Zhi Hon, a former member of the WP Youth Wing executive committee; Mr Kenneth Foo, deputy organising secretary of the WP and WP candidate in Nee Soon GRC in the 2015 General Election; Ms How Weng Fan, owner of the town council’s former managing agent firm FM Solutions and Services (FMSS); and FMSS.


Account of profits

An equitable remedy often used where the parties are in a fiduciary relationship. The purpose of this remedy is to require one party to surrender the profits made. It may also be available as an alternative action for money had and received where one person has profited from a wrong at the expense of another (and the claimant has suffered no actual loss) or in exceptional cases where other normal remedies provide inadequate. For further details, see Practice note, Remedies: restitution.
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If Auntie and Low are able to account for the S$33m paid to FMSS or FMSI because of estate works done by FMSS or FMSI such as the maintenance of housing blocks and sweeping the streets, no further action may be taken. Even if they are unable to account fully, they’ll only be liable personally not for the full amount paid but the “excess” or “cream” over and above what should have been paid.

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