16-10-2024, 09:41 PM
NTUC only learned of capital extraction in Income-Allianz deal in parliament: Desmond Tan
NTUC Deputy Secretary-General Desmond Tan revealed that NTUC’s central committee was unaware of the capital extraction clause in the Income-Allianz deal until its announcement in Parliament. Despite this, NTUC’s central executive committee had previously supported the deal, based on its strategic imperatives.
https://www.theonlinecitizen.com/2024/10...smond-tan/
NTUC Deputy Secretary-General Desmond Tan revealed that NTUC’s central committee was unaware of the capital extraction clause in the Income-Allianz deal until its announcement in Parliament. Despite this, NTUC’s central executive committee had previously supported the deal, based on its strategic imperatives.
https://www.theonlinecitizen.com/2024/10...smond-tan/