Response to PAP Flyer on $22.5m Sinking Fund

It has also come to our attention that the PAP has been circulating a flyer stating that the sinking fund of $22.5 million which was transferred to Aljunied-Hougang-Punggol East Town Council (AHPETC) is “now unaccounted for”.

The statement is incorrect and a malicious attempt at discrediting the Workers’ Party. The sinking fund transferred from Punggol East to AHPETC is clearly accounted for and AHPETC has also proven the same in its press release dated 8 September 2015 (weblink).

A copy of the PAP’s flyer containing the baseless allegation is attached in this statement for the public’s reference.

Png Eng Huat
Aljunied-Hougang-Punggol East Town Council
9 September 2015