Dr Chee Soon Juan called on former prime ministers Mr Lee Kuan Yew and Mr Goh Chok Tong to accept his offer of $30,000 as settlement of his bankruptcy so that he can be discharged from bankruptcy and stand for the next general elections.
"Untie my hands and let's have a fair fight," Dr Chee told the audience as he addressed a question from a member of the audience at the launching of his new book Democratically Speaking yesterday at The Substation.
"Thirty thousand dollars is a huge amount to me, but Mr Lee and Mr Goh are rich and they don't need the money. I urge them to accept my offer and we can compete on who has the better ideas for Singapore going forward."
During his presentation Dr Chee pointed out the "zombie investments" that the GIC and Temasek Holdings made during the financial crisis in the US in 2008.
Despite the financial turmoil, both funds poured in tens of billions of Singaporeans' money and lost much of it in the process. He pointed out that those in charge of our investments did not know what they were doing.
He warned Singaporeans that this was an "insane position" to be in, that is, having all our wealth tied up in the two wealth funds but with no say in either one of them.
He warned that Singaporeans were being reckless by continuing to allow the Government to handle our national reserves in the manner that they do - without transparency.
"We are looking for trouble and the danger is that we will find it," he said.
Dr Vincent Wijeysingha moderated the Q&A following the presentation. He urged the audience to get a copy of the book because of its contents and because the proceeds go towards the funds to help Dr Chee clear his bankruptcy.
Following the session, Dr Chee signed the books that attendees purchased.
Democratically Speaking is available in hardcover special edition ($50) and paperback ($30) and can be purchased online here.
It is also available at: Kinokuniya Bookstore (Ngee Ann City, Liang Court, Bugis Junction) and Select Books (Armenian Street near SMU).