Tag Archives: kong hee

The lead auditor of the City Harvest Church's accounts said he found some of the church's transactions "a bit unusual". Taking the stand for the first day on Friday, Sim Guan Seng of Baker Tilly said for the transactions he found unusual, he would then ask the church management board for its business rationale. Mr Sim is the auditor who posed several questions as to the authenticity of the bond transactions between the church, events firm Xtron and the church's fund manager, AMAC Capital Partners. Xtron had issued S$13 million worth of bonds which AMAC bought.

The external auditor of the City Harvest Church testified today (Jan 15) that there was no breach in the church’s constitution when the Building Fund was used in bond subscription.Taking the stand for a third day, Ms Tiang Yii of Baker Tilly agreed with the defence that the church’s subscription to Xtron bonds was authorised. Xtron was the firm managing singer Sun Ho’s music career. It had a bond subscription agreement with the church to raise funds for Ho’s music

City Harvest Church's former finance manager Serina Wee, who has been causing a stir with her good looks and stylish outfits, has set up a blogshop selling apparel and accessories. She turned up at the Subordinate Courts in one of her shop's dresses earlier on Monday (Jan 13). Netizens took notice of the white and blue V-neck piece, although a handful remarked how it resembled the uniform of a beer promoter. The dress retails for $48 on the website, which went live earlier this month. A black sleeveless dress Wee wore to court yesterday (Jan 14) is also available online for $52.

Tiang, who is an assurance partner of Baker Tilly TFW and who has more than 20 years’ audit experience in Singapore, including financial audit of multinational and local companies in diverse industries, also has experience in initial public offerings and due diligence projects.

This has dragged on for some time. Donations to the church ended up as funds to boost Kong Hee’s wife’s singing career in the US. Some of the money went into a $28,000 / month rental for a Hollywood mansion. Astonishing extravagance if you think that the money is better spent on charity.

Tithing to God and making good on his taxes were probably the best things Wahju Hanafi ever did for his business. In 1998, at his pastor’s rebuke, the Indonesian business tycoon repaid $1.5 million in taxes he had evaded for the past 10 years. After that, he gave $1 million to his church. During the same year, his supermarket chain business in Papua New Guinea gained profits amounting to $10 million.

The third tranche of the trial of City Harvest Church leaders resumed this morning (Jan 13), with public passes to observe proceedings at the Subordinate Courts given out at 7.15am. The distribution of passes took place later today than with the first two tranches, when church members queued overnight to get a seat in court. Six City Harvest leaders — one of whom is no longer with church — are accused of misusing millions of dollars belonging to the church between January 2007 and October 2008.

Kong Hee, John Lam, Chew Eng Han, Tan Ye Peng and Serina Wee are accused of channelling S$24 million into two companies - Xtron and PT the First National Glassware (Firna) - to boost singer Sun Ho’s career.