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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Tan Ye Peng
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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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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.
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26 August 2014 – Summary of Day 17 of CHC hearing.
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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.
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康希透露另一名被告人周为一名陷入困境的教会会友，以及他的角色是负责拟定债券结构。
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Kong Hee revealed co-defendant Chew’s position as a member of the church who had fallen upon bad times, and his role as the one structuring the Xtron bonds.
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Accused had approached “long-time friend and personal advisor” Foong Daw Ching to obtain “genuine advice”; prosecution alleges that the true motive was to “test out things” to avoid any issues in year-end audit.
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庭讯延续——检方继续提出康希完全操控思创之论点。
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CHC TrialChurch & Missions
City Harvest Trial: Prosecution Continues To Accuse Kong Hee Of Full Control Over Xtron
Court resumes with the prosecution continuing to suggest Kong Hee fully controlled Xtron.
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。
被告找上“老朋友兼个人顾问”冯道清取“中肯建议”；检方宣称真实目的乃是“进行试探”避免年终审计出现问题。