Impairment of the Xtron bonds was already in the previous year’s audit report, Serina Wee points out to the court today, refuting the prosecution’s suggestion that the accused were trying to avoid scrutiny from the auditors.
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John Lam
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黄玉音今天在庭上表示，拟定债券认购协议的律师都知道Firna债券收入将归还给何清伟偿还其股东贷款。这与检方所控诉的不同，检方认为这是“虚构的”。
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CHC TrialChurch & Missions
City Harvest Trial: Firna Bond Proceeds Used To Pay Off Shareholder’s Loan, Says Serina Wee
The lawyers involved in the bond subscription agreement knew that the Firna bond proceeds would go to repaying Wahju Hanafi for his shareholder’s loan. This was not “fictitious” as accused by the prosecution, said Serina Wee in court today.
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检方向黄玉音提出冯道清不会提供“不正当”建议给被告；黄坚持冯的确给予他们这些建议，但她从未认为该建议不正当。
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检方向黄玉音提出“假设”的问题道：如果债券为虚假，被告就必须在其虚假掩饰下履行责任；黄则回答：正因为必须履行真实责任，因此债券并非虚假。
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CHC TrialChurch & Missions
City Harvest Trial: Bonds Were Not Sham; Xtron Had Genuine Obligation To Repay, Says Wee
When the prosecution put to Serina Wee a “hypothetical” question that if the bonds were sham, the accused would have to meet its obligation under that sham disguise, she replied that it was precisely because there were real obligations to be met that the bonds were not sham.
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08 May 2015 – Summary of CHC hearing.
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CHC TrialChurch & Missions
City Harvest Trial: Cashflow Given By The Americans Showed That Xtron Could Recover Bonds, Says Former Finance Manager
Serina Wee told the court that cashflow projections from the US music producer had showed that album profits would allow Xtron to repay the bonds bought by CHC.
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黄玉音今日在庭上作证时表示，被告建议支付更多收入给思创的方案经由教会董事会批准。
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CHC TrialChurch & Missions
City Harvest Trial: Church Board Was Fully Aware & Approved Proposals To Increase Funds To Xtron, Says Wee
Proposals suggested by accused parties to pay more income to Xtron were approved by the church board, Serina Wee testified today.
CHC TrialChurch & Missions
City Harvest Trial: Serina Wee Did Not Believe Auditor Was Giving Improper Advice
The prosecution put to Serina Wee that Foong Daw Ching would not give “improper” advice to the accused; Wee maintained that not only did Foong advise them as such, but that she did not think the advice given was improper.
黄玉音在庭上表示美国音乐制作人的现金流量预算显示专辑收入足以让思创偿还CHC认购的债券。