Former GIC chief economist Yeoh Lam Keong and website The Online Citizen (TOC) have been ordered to put up corrections over false and misleading statements about the losses made by the Housing and Development Board in a Build-To-Order (BTO) project, as well as gains by the nation's past reserves.
Yeoh and TOC are required to insert a notice against their original offending online posts or articles and a link to the government's clarification.
The Protection from Online Falsehoods and Manipulation Act (Pofma) Office issued them the correction directions on Friday (Oct. 14).
Yeoh published two Facebook posts on Oct. 4.
They referred to the reply by National Development Minister Desmond Lee to a parliamentary question by Non-Constituency MP Leong Mun Wai.
Lee had stated that a development loss of about S$270 million will be incurred by HDB for the Central Weave @ AMK BTO project.
In response, Yeoh wrote in his posts that the reply was "a rather disingenuous and misleading analysis of the supposed S$270 million loss made by HDB".
As the government "acquired most of the land at minimal or much lower cost by compulsory acquisition", Yeoh alleged further that there was an "accounting sleight of hand".
TOC then ran a piece on the same day about the points raised Yeoh's Facebook posts.
The website ran another article the next day.
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