Great Work Kenneth! Here's a pat on the back, we know that you can read the constitution. Now step aside dearie, there is work to do to save the global economy.
PUBLISHED JULY 07, 2012
Reform Party chief seeks to block US$4b loan to IMF
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[Singapore]
THE Reform Party's secretary- general Kenneth Jeyaretnam is taking court action to block the Singapore government's US$4 billion loan commitment to the International Monetary Fund (IMF).
This came after a series of blog posts by Mr Jeyaretnam asserting that the commitment contravened Article 144(1) of the Constitution as neither Parliament's approval nor the President's consent had been sought.
In the High Court yesterday, Mr Jeyaretnam made an application to prohibit the government or the Monetary Authority of Singapore (MAS) from giving any loans or guarantee to the IMF unless such loans were made in accordance with the provisions of Article 144. He also sought an order to quash the government and MAS's decisions to make the commitment to IMF because they contravened those provisions.
