But it appears patently unfair for some to face a conviction in court — which carries a life‐long stain — while others receive what amounts to a slap on the wrist for similar offences. Some are even unlucky enough to be punished by more than one authority.
I would like to know “the facts and circumstances” that lead to the relevant agencies and the determination of the penalties: That is, civil or criminal action.
Read here
6 comments:
What consistency? There is one set of law for them and another set for us. So it boils down to which side are you on.
Read an article written by John Burton in Singapore, dated Oct 21 & Nov 27, 2004.
Confirm insider trading? Fine enough liao lah...no need jail term lah! In Chinese it means, "见人讲人话，见鬼讲鬼话"。
鬼 = 外国人，常称为"鬼佬"
Excerpt of news report:
Singapore admits insider trading by state fund
The three traders were fined S$715,000, but were not dismissed from their jobs.
"GIC has taken into account that the substantial financial penalties will be borne personally by them and that they had not personally benefited from the transaction," GIC said.
Read another article, "Prison For Tarnished Chinese Copper Trader" by Caijing, dated Apr 27, 2008, about a Futures rogue trader in China, who gambled heavily with state fund.
The nature of crime committed (irrespective of the amount of money involved) is the same, i.e. gamble with state fund. The only difference between the trio in Singapore and the one in China is that, the former is a “winner”, while the latter is a big "loser" from their illegal actions.
Perfect example of 管字两个口。
Prime Minister Lee Hsien Loong said at his swearing-in ceremony: "We must give people a second chance, for those who have tasted failure may be the wiser and stronger ones among us. Ours must be an open and inclusive Singapore."
Second chance? That is if you are on their right side, not for people on the left side!
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