City Harvest trial: Funnelling funds a long-term plan

City Harvest trial: Funnelling funds a long-term plan
Finance manager Sharon Tan said that various exchanges between her and her co-accused were merely ‘scenario planning’ exercises.

City Harvest Church founder Kong Hee and five others are on trial for allegedly misusing church funds through sham bonds.

First, $24 million was allegedly used to fund the music career of Kong's wife, Ms Ho Yeow Sun, whose stage name is Sun Ho. Then another $26.6 million was used to allegedly cover up the first amount.

They are said to have done this through music production firm Xtron and glass manufacturer Firna, run by long-time supporters of the church.

Kong, former board member John Lam, finance manager Sharon Tan, former fund manager Chew Eng Han, deputy senior pastor Tan Ye Peng and former finance manager Serina Wee face charges of criminal breach of trust and/or falsifying accounts.

Prosecutors have sought to show how Xtron and Firna directors simply did the accused's bidding. The defence has argued that the transactions were legitimate, with the accused acting "in good faith" on the advice of lawyers and auditors.


This article was first published on Sep 30, 2014.
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