AHTC's financial position healthy: WP's Pritam Singh

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Aljunied GRC incumbent the Workers’ Party has addressed a major issue on voters’ minds — the Aljunied-Hougang Town Council (AHTC) saga.

In a constituency political broadcast on Friday (July 3), party chief Pritam Singh said: “The financial position of AHTC today is healthy.

“The town council has steadily built up its operating fund position since WP’s current term started in late 2015.”

According to him, the latest audited figure recorded an accumulated surplus of $7.9 million, which was more than double the amount when the party took over from the previous Aljunied Town Council in 2011.

“Last year, AHTC’s financial statements were given a clean and unqualified opinion. The Ministry of National Development also graded AHTC’s Corporate Governance with a Green banding,” he added.

A spotlight was cast on the governance of the town council after a civil suit was initiated in 2017.

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