Earlier quoted context omitted.
It's only free from corruption on the indices because financial crime is legalized (the victims are overseas in places like Burma, where their clients extract ill-gotten gains to launder in the Singapore markets) and the government, which came to power on a platform of communism and claims to be a democracy, is in fact a well established, dynastically-held totalitarian state with hopelessly enslaved (believe they are…
Can you give some examples of legal financial crimes? Not saying you're wrong, I've just never heard that. I know they are a tax haven and have lax financial controls, but the "victims" of that are the tax man in foreign governments.
eg. "In 1991, the Junta laundered $400 million through a Singapore bank as down payment for Chinese weapons." - Jane's Intelligence Review ... or see http://www.theonlinecitizen.com/2007/09/singapores-debt-of-h...