Ridout Road bungalows: CPIB finds no criminal wrongdoing in rentals by Singapore ministers

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Ridout Road bungalows: CPIB finds no criminal wrongdoing in rentals by Singapore ministers
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JUST IN: Singapore agency's report to PM Lee Hsien Loong finds no preferential treatment, abuse of positions by ministers K Shanmugam, Vivian Balakrishnan.

SINGAPORE — Investigations ordered by Prime Minister Lee Hsien Loong into theby ministers K Shanmugam and Dr Vivian Balakrishnan have found no evidence of criminal wrongdoing or corruption.

CNA reported that the Attorney-General’s Chambers has agreed with CPIB's findings and recommendations, and has directed that no further action be taken because "the facts do not disclose any offence". The minister agreed, bringing the total land size to 23,164 square metres. SLA covered the initial cost of site clearance, amounting to $172,000, subsequently to be recovered from the tenant’s rent. It also undertook essential repair works for the property, which cost $515,400.

The agent named an asking monthly rent of $19,000. SLA's leasing department accepted the proposal as it was not below of the prevailing guide rent of $18,800. The report said that state properties with low demand, such as 26 and 31 Ridout Road in 2018 and 2019, were leased out via direct tenancy. This meant that the prospective tenant would be considered if the submitted bid was not below the guide rent, and the tenant met the stipulated financial and letting criteria.

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