Dr Chee Soon Juan went to the Insolvent Persons and Trustees Office (IPTO) today to remit the $30,000 to settle his case with Mr Lee Kuan Yew and Mr Goh Chok Tong. He was accompanied by SDP members and supporters. $CUT$
The amount was raised in less than two weeks through the sales of his books as well as donations.
The IPTO officials said that upon receiving the money, it will forward the funds to Mr Lee and Mr Goh, and the two former prime ministers will take a formal vote to agree to annul the bankruptcy order.
According to Ms Lydia Loh from the IPTO, the Official Assignee will then take the decision to officially annul the bankruptcy order. The entire process will take one to two months.
Dear Ms Lydia Loh,
I wish to inform you that I have remitted $30,000 to the IPTO today, 27 September 2012, in full settlement of my case with Mr Lee Kuan Yew and Mr Goh Chok Tong.
I would be grateful if the OA would do the necessary to annul my bankruptcy order. Thank you.
Chee Soon Juan