That portion of the speech is only in the front lah... later
part of the speech, he accused whistle blowers for not having
enough evidence, and said that IRAS and MOH did investigate this
issue before but found no concrete evidence.
Even Price Water House ( the original auditor ) was not to be
blamed bec at that time, the mgt was not cooperative in revealing
all documents mah...
This is akin to saying sorry to appease some anger.
A good move since GE
is round the corner...