# Findings from PwC report

- **Source:** Ministry of National Development
- **Published:** 2017-05-02T11:07:00.000Z
- **Author:** Ministry of National Development
- **Original:** https://www.mnd.gov.sg/newsroom/press-releases/view/findings-from-pwc-report
- **Topics:** HDB & Public Housing, Investment & Capital Markets

## Featured rationale

Further scrutiny and potential recovery action may strengthen financial accountability for estate management funds, supporting resident confidence in the governance of public housing estates.

## AI summary

PwC found improper Punggol East-related payments and regulatory breaches by AHPETC, prompting HDB to refer its 30 April 2017 report for possible recovery and legal action.

## Original article

The latest findings from PricewaterhouseCoopers LLP (PwC) in its review of past payments made by then-Aljunied-Hougang-Punggol East Town Council (AHPETC) reinforce our concerns regarding how public funds under the Town Council’s charge had been managed. 

PwC had been appointed by Pasir Ris-Punggol Town Council (PRPTC) as its independent accountant, to review the past payments made by then-AHPETC in relation to Punggol East (PE) SMC. Following the completion of the review, PRPTC has submitted a copy of PwC’s report, dated 30 April 2017, to HDB. 

Similar to the earlier KPMG report of 31 October 2016, the PwC report raised questions on the propriety of payments made by then-AHPETC to its Managing Agent FM Solutions and Services Pte Ltd. With regard to PE-related expenses and contracts, the report found improper payments and highlighted several regulatory breaches made by AHPETC. The report also raised the possibility of civil and criminal liabilities, and highlighted the need for further investigations as to the relevant potential offences. 

HDB will forward the PwC report to the Independent Panel that was appointed by Aljunied-Hougang Town Council in February 2017, so that it can consider what recovery and legal actions are necessary and appropriate.

## Chinese translation

> Translation model: grok_cli

### 普华永道报告的调查结果

普华永道会计师事务所（PwC）对其时阿裕尼—后港—榜鹅东市镇理事会（AHPETC）过往付款审查的最新调查结果，进一步强化了我们对该市镇理事会所掌管公共资金管理方式的关切。

普华永道受白沙—榜鹅市镇理事会（PRPTC）委任为其独立会计师，审查其时AHPETC就榜鹅东单选区（PE SMC）所作的过往付款。审查完成后，PRPTC已将日期为2017年4月30日的普华永道报告副本提交予建屋发展局（HDB）。

与较早前日期为2016年10月31日的毕马威（KPMG）报告类似，普华永道报告就其时AHPETC向其物业管理代理FM Solutions and Services Pte Ltd所作付款的正当性提出质疑。就与榜鹅东相关的开支和合约而言，报告发现存在不当付款，并指出AHPETC多项违反监管规定的情况。报告还提出可能存在民事和刑事责任，并强调有必要就相关潜在罪行作进一步调查。

建屋发展局将把普华永道报告转交给阿裕尼—后港市镇理事会于2017年2月委任的独立小组，以便其考虑采取哪些必要且适当的追偿和法律行动。