It was a staff loan
Weekend • April 18, 2009
Dr Ong Seh Hong,
MP for Marine Parade GRC
IN THE on-going trial of Reverend Ming Yi, my name was mentioned in relation to a loan made to me when I joined Ren Ci Hospital and Medicare Centre as a staff. I am writing to state the facts of the loan and the events leading to it.
I had an outstanding staff housing loan from my previous employer, the Government of Singapore Investment Corporation (GIC) in 1999. I was offered a job by Ren Ci Hospital and Medicare Centre to be Director, Medical and Paramedical Services in January 2000. This was before I was elected as an MP in October 2001.
To join Ren Ci, I had to settle my housing loan with the GIC. One of the conditions for accepting the job in Ren Ci was that Ren Ci was to grant me a loan of $60,000 as a staff loan, to pay off in part the outstanding loan I owed to GIC.
I repaid the sum of $60,000 within three years by December 2002 as per the terms on which the loan was given to me.
When I borrowed the sum of $60,000 from Ren Ci, I was not an MP. Ren Ciextended the loan to me as a staff.
These are the facts surrounding the staff loan extended to me as an employee of Ren Ci Hospital.
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