We recognise that the Article and the Post meant and were understood to mean that Mr K. Shanmugam took advantage of there being no checks and balances or disclosure requirements in selling his property in a non-transparent manner and that Mr Shanmugam wanted to hide his transaction and avoid scrutiny, including about the possibility of money laundering.
We admit and acknowledge that these allegations are false and completely without foundation.
We unreservedly apologise to Mr Shanmugam for the distress and embarrassment that we have caused to him by publishing the Article and the Post.
We have removed the Article and the Post and undertake not to make any allegations or publish any articles and/or posts containing any allegations to the same or similar effect.
