Ngerng to pay PM $150k in damages in instalments
BLOGGER Roy Ngerng will be allowed to pay the $150,000 in damages he owes to Prime Minister Lee Hsien Loong in instalments, his lawyer Eugene Thuraisingam said in a statement yesterday.
Ngerng, 34, had asked to be let off by paying $36,000 of the $150,000 plus hearing costs, which Mr Lee rejected, the Prime Minister's press secretary Chang Li Lin said in response to media queries.
"The Prime Minister had responded to say that Mr Ngerng had to discharge his entire debt, but that he was prepared to give Mr Ngerng time to pay the $150,000 by instalments, provided he paid the (hearing) costs immediately," she added.
"Mr Ngerng has agreed and this was recorded by the court this morning (Monday)."
Mr Thuraisingam, who started representing Ngerng on a pro bono basis from Dec 23 last year, said his client will start by paying $100 a month from April 1.
This arrangement will continue for the next five years until April 1, 2021, when the monthly payments will be increased to $1,000 until the full sum has been paid.
Ngerng should be done paying the total sum by the year 2033.
He need not pay any interest if he makes each payment on time. Should he fail to make any one of the payments, however, the full amount outstanding - including Court Judgment interest - will be payable immediately. The interest is a default rate provided by the court, pegged at 5.33 per cent a year.
Ngerng will also have to pay the costs of the Assessment of Damages hearing - which was agreed at $30,000 - by tomorrow.