"The vast majority of them will be able to get back 70 percent or more of their original investments" - Financial Secretary John Tsang. [Link]
A vast majority of Singapore investors got back 30% or less of their investments and many got nothing back. Out of a total of $520M invested in Singapore, the compensation was $107M less than 20% of the total amount[Link]. Singapore investors now have to seek the legal route for redress and that will be a painful journey.
Minister Lim Hng Kiang explains it best why and how we ended up with this outcome:
"The process has not been overly legalistic and is not subject to political pressure. This way we serve the interests of all parties, and also serve the wider public interest of growing Singapore’s reputation as a credible and reliable international financial centre" - Minister Lim Hng Kiang in parliament.
I would like to thank Minister Lim for making it all so clear to everyone what the PAP govt is about. The govt serve the interests of all parties - ordinary Singaporeans being just one of the "parties". I thought they are called People's Action Party ...the word "People" is right in front sometimes makes you think that the common people are a priority above everything else and "Action" seems to tell us they will act primarily for the people. So now we know. That the interest to grow as an international financial centre takes precedence over the need to ensure that justice is served shows the rule of money in our society. They will pursue money be it investments or profits at the cost of expediently pushing aside ideals of justice and equity.