What we know about AIM

First, let’s take stock of what we know at this point. From Teo Ho Pin and Chandra Das, director of AIM, as reported in Straits Times 25 December 2012 and Today online 24 Dec 2012: 1. The 14 PAP town councils had jointly developed a computer and financial system prior to the end of 2010, with the aid of National Computer Systems Pte Ltd — which a check with their website indicates is a subsidiary of Singtel. 2. The 14 town councils decided to sell the software in 2010; a tender was called. Five parties took up tender forms but only Action Information Management Pte Ltd (AIM) submitted a bid. 3. AIM is fully owned by the People’s Action Party (PAP). The two shareholders must be holding the shares in trust for the party. 4. “AIM offered to buy the developed application software for S$140,000″, Teo said, but didn’t disclose whether $140,000 was eventually what it paid — a str...

Full article: http://singaporeelection.blogspot.com/2012/12/what-we-kno...

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