City Harvest trial: 'Xtron is like CHC's GIC'

City Harvest trial: 'Xtron is like CHC's GIC'
(left) CHC founder Kong Hee and (right) finance manager Sharon Tan.

SINGAPORE - Xtron Productions is like City Harvest Church's (CHC) own GIC, its founder Kong Hee had told church members in a speech.

GIC is a Government-run sovereign wealth fund.

Just like the GIC, Xtron was meant to protect the interest of CHC, he had said in August 2008.

His words were the topic of yesterday's hearing, with CHC finance manager Sharon Tan taking the stand to answer questions from her lawyer, Senior Counsel Kannan Ramesh.

Kong's speech, delivered to CHC members in an extraordinary general meeting, was made a day before Xtron purchased the Riverwalk property for $17.55 million.

He said in 2008: "You know, in Singapore, we have GIC? Every time you ask the Government what is a GIC, they say 'national security, we cannot make it known to everybody.'"

Likewise, he asked members to keep the nature of Xtron's relationship to the church "within the four walls of the building".

"You got to keep this among us, because the last thing we want is for the whole world to be talking about this."

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