Channel News Asia reports,
City Harvest Church leaders tried to “bamboozle” auditor: Prosecution
Messages between church leaders Sharon Tan and Chew Eng Han were cited by prosecutors as proof that they tried to not let the church’s auditor find out that church funds were used to redeem Firna bonds.
SINGAPORE: At the City Harvest Church trial on Thursday (Sep 25), the prosecution said finance manager Sharon Tan was not the “innocent follower” that she tried to paint herself as, when it came to plans to use church funds to redeem sham bonds.
Tan was taking the stand for the tenth day. She is one of six church leaders who are accused of using millions of dollars from the church’s building fund to buy sham bonds in two companies, Firna and Xtron.
Lead prosecutor for the case, Mavis Chionh, showed the court messages between Tan and co-accused Chew Eng Han, in which Tan proposed using a third party to redeem the Firna bonds. She had proposed using Pacific Radiance, a company linked to member John Lam who is one of those on trial.
In one message, Tan said that even if church auditor Mr Sim Guan Seng suspected that church monies were used to redeem the bonds, “he can’t fault or pinpoint”. The prosecution accused Tan and Chew of trying to “bamboozle” Mr Sim and not let him find out that church funds were used to redeem the Firna bonds.
Tan disagreed and said that she was worried about “disclosure” as she had the understanding that the drawdown from the Firna bonds would be used to support the Crossover Project, which involved church co-founder Sun Ho recording and launching secular music albums.
Source: Alice Chia, City Harvest Church leaders tried to “bamboozle” auditor: Prosecution, Channel News Asia, http://www.channelnewsasia.com/news/singapore/city-harvest-church/1381530.html, Published 25/09/2014 22:04, 25/09/2014 23:17. (Accessed 26/09/2014.)