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Presidential Candidate Tan Kin Lian speaks out on unconstitutional IMF loan, donates $1,000.


Mr. Tan Kin Lian , candidate for Elected President of the Republic of Singapore and economics and finance expert,  just put the following up on his blog. (This is after making a generous donation of $1000 towards the $20,000 needed by Tuesday in order to lodge a bond with the AG’s office so we can launch an appeal.)
“MONDAY, NOVEMBER 19, 2012

IMF Pledge

I have made a donation to the fund for Kenneth Jeyaretnam to take up the issue of the IMF Pledge. He is doing it on behalf of all Singaporeans and deserve our support. Please donate generously.” See  http://tankinlian.blogspot.sg/2012/11/imf-pledge.html for details.

Mr Tan Kin Lian has previously written twice about the constitutionality of the loan that Singapore made to the IMF. He is kinder than me in his writing style but he comes to the same conclusions.   And this is a man whom the select panel deemed fit to run for President of our Republic!  He thinks the loan was unconstitutional and he wants to help me appeal it on behalf of all Singaporeans.

On July 07th 2012, Tan Kin Lian  had raised the issue of constitutionality of the loan here:

http://tankinlian.blogspot.co.uk/2012/07/did-imp-pledge-violate-singapore.html

Of course he did. As an EP candidate how could he keep quiet? He said, “I am surprised that MAS would give the above type of explanation – as it seemed to defy logic and common sense.”

On July 12th 2012 he wrote an open letter to the Straits Times forum. Here is some of what he said:
” I am. therefore, amazed by the arguments put forward by the Monetary Authority of Singapore that the pledge given to the IMF, as it now stands, did not breach the Constitution. If the position of MAS is correct, it is better for the Constitution to be re-written to reflect the position taken by MAS.

The Constitution is perhaps the most important legal document in the land. The citizens should be assured that they can trust the Constitution to mean what it says, and that the wordings are not interpreted in a manner that defy logic or common sense.
I do not understand why the pledge of this large amount is not submitted for approval by required under the Constitution. Even if there is an urgency for the pledge to be given, it can be given on a provisional basis, and be subject to obtaining the required approvals. I believe that most countries would follow such a process on a matter of great importance. This would reflect a high standard of governance, which is what the Government aims to promote in the corporate world.
Rather than justify an action that is already done, I suggest that the MAS should submit the pledge to Parliament for rectification by Parliament and the President. It is all right to make a mistake and to learn from it.
Tan Kin Lian”
Clearly a man who knows his liabilities from his assets and a man who knows how to have the courage of his convictions. Thank you Mr Tan Kin Lian,  on behalf of all Singaporeans who want to keep their constitution alive.

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