The Official Assignee has replied to Dr Chee Soon Juan that Mr Lee Kuan Yew and Mr Goh Chok Tong have both indicated that they "have no objection" to the offer of $30,000 as settlement of the matter. Below is Dr Chee's statement:
Mr Lee Kuan Yew and Mr Goh Chok Tong have indicated that they will accept my offer of composition of $30,000 to annul my bankruptcy.
I will be working to raise the amount to pay to them as quickly as possible primarily through the sale of my books. I would also like to appeal for donations from supporters to aid the process.
I hope that this settlement with Mr Lee and Mr Goh will mark the end of a chapter of Singapore's politics marred by defamation suits against opposition members. I look forward, as I am sure all Singaporeans do, to a new era where political discourse is dominated by substantive debates on policies and ideas.
Singaporeans want, and deserve, a politics that is truly befitting of a First World country. Detention without trial, criminalisation of legitimate political activity and defamation suits have no place in a Singapore that needs to be democratic, confident and forward-looking.
The SDP is committed to working towards a new politics in Singapore and we have shown this by offering coherent and comprehensive policy plans, conducting dignified forums on "sensitive" issues and attracting Singaporeans of intellectual and professional gravitas.
I look forward to being formally cleared of my bankruptcy so that I am eligible to stand in the next general elections in 2016 and lead a party that would rival the PAP as the potential ruling party.
Chee Soon Juan
Below is the email from the Official Assignee informing Dr Chee of the acceptance of his offer by the creditors.
7 September 2012
Dear Dr Chee
We refer to your email of 5 September 2012.
2. Please be informed that the Official Assignee ("OA”) conveyed your offer of composition of $30,000, on 17 August 2012 (the same day we replied to your email of 8 August 2012) to all your creditors, namely, Mr Lee Kuan Yew, Mr Goh Chok Tong and the Attorney-General’s Chambers. We invited them to respond with their views on your offer and their counter-proposals (if any) by 7 September 2012.
3. You may wish to note that the OA has rejected DBS Bank Ltd’s claim filed against your estate in bankruptcy, as the debt claimed was incurred after the making of the Bankruptcy Order against you and is therefore not provable in your current bankruptcy.
4. Your three creditors have since replied on 30 August 2012 and 3 September 2012, informing us that they have no objection to your offer of composition of $30,000. Please let us know when you will be remitting the sum of $30,000 to our office. Upon receipt of the sum, we will need to ask your creditors to formally vote on the offer. Once they have voted their acceptance of your offer, the OA will process the necessary paperwork to effect the annulment of your bankruptcy.
5. Please note that a certificate of annulment issued under section 95A(1) of the Bankruptcy Act will be binding on your creditors insofar as it relates to any debts due to them which are provable in this bankruptcy.
For OFFICIAL ASSIGNEE