This afternoon, Kong Hee explained how it was necessary for him and his team to instruct Firna director Wahju Hanafi on the drawdown of Firna bond proceeds.
Tag:
Chew Eng Han
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只要一切仍处合法范围、只要康希没有法律义务透露细节与关系，他希望尽量将披露减到最低，为保护跨界使命。
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CHC TrialChurch & Missions
City Harvest Trial: To Protect The Crossover, Kong Hee Preferred Not To Give Full Disclosure
As long as everything was within legal boundaries, and as long as he wasn’t legally obligated to reveal details and relationships, Kong Hee preferred to keep disclosure to a minimum, at times to protect the mission of the Crossover.
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在今早简短的庭审中，康解释，支取债券资金偿还贷款并不是问题，因为最终专辑销量收入可用来抵消债券本金和利息。
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检方质疑教会债券投资的真伪，其依据是思创从未有意履行它对CHC的责任；康不同意并表明若有必要，教会将采取法律行动。
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CHC TrialChurch & Missions
City Harvest Trial: CHC Would Have To Sue If Xtron Could Not Repay Bonds, Says Kong Hee
Prosecution disputes genuineness of church’s bond investment on the basis that there was never an intention for Xtron to make good its liability to CHC; Kong disagrees, stating that church would enforce legal obligations had it been necessary.
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今早，检方继续针对思创预算盘问城市丰收教会主任牧师。检方控诉何清伟个人担保从未存在。
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26 August 2014 – Summary of Day 17 of CHC hearing.
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检方指控康希与其团队尽管知道音乐专辑的低销量预测代表教会只在10年后才可回本，仍然进行1300万思创债券的认购；康解释修正后的销量预测数字前景更乐观。
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CHC TrialChurch & Missions
City Harvest Trial: Eventual Album Sales Projection Gave “Reasonable Prospect Of Return”, Says Kong
Prosecution accuses Kong Hee and team of proceeding with $13m of Xtron bonds when projections of low music album sales meant that church would only recoup its investment in 10 years; Kong justifies that revised sales projection figures later on delivered a much more positive outlook.
In this morning’s short session, Kong explained that there was nothing wrong in using drawdowns to repay loans as, ultimately, the sales of the album would have covered the bond principal and interest.
CHC TrialChurch & Missions
City Harvest Trial: Kong Hee Defends Budgeting And Wahju Hanafi’s Guarantee To Cover Crossover
This morning in court, the senior pastor of City Harvest Church was grilled further by prosecution on the Xtron budgeting. Prosecutor alleges that Wahju Hanafi’s personal guarantee never existed.