CHC Trial

The finance manager maintains the defense’s position that plans to redeem the church’s bond investments came after Baker Tilly auditor Sim Guan Seng told the accused parties to “clear the bonds off the books”, despite the prosecution’s accusation that this is untrue.

Finance manager says discussion and deliberation of Firna bonds were not minuted because discretion had been given to AMAC to invest.

23 September 2014 – Summary of CHC hearing.

Prosecution sought to establish that Xtron was under the control of the accused; Sharon Tan maintained that Xtron was an independent entity with its own directors who made their own decisions.

Sharon Tan maintains her testimony that auditors had visibility of Xtron’s and the church’s books, as the prosecution attempts again to show that the defendants tried to mislead the auditors.

Prosecution started its cross-examination of finance manager Sharon Tan by examining what was recorded in the CHC board meeting minutes.

No church funds could have been invested except with the approval by the church board, the court heard from Chew Eng Han’s cross-examination of Sharon Tan.

Chew sought to establish that auditors knew about the transactions surrounding the Advance Rental Licensing Agreement.

Sharon Tan’s testimony this afternoon was consistent with what Chew Eng Han tried to put forth, mainly that the investments were in the best interests of the church at material time.