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Chc spent half a million dollars buying horsey's unsold cds

Jah_rastafar_I

Alfrescian (Inf)
Asset
SINGAPORE: Sun Ho was not the successful singer City Harvest Church had made her out to be. Evidence showed the church spent about half a million dollars to buy her unsold Mandarin CDs.


The profitability of her artiste management company Xtron was also questioned, as the trial involving the church's leader Kong Hee and his five deputies resumed on Monday (Aug 4).


The six church leaders are accused of misusing millions of church funds to buy sham bonds to bankroll Sun Ho's music career.


She had been touted as a big commercial success, but lead prosecutor Mavis Chionh said the financial statements told a different story. In 2004, City Harvest Church spent about half a million dollars to buy her unsold (Mandarin) CDs - numbering at least 32,000 copies - to give away to overseas ministries and overseas churches.


These details surfaced as the prosecution sought to highlight inconsistencies in former church board member John Lam's evidence. He had cited Ms Ho's success as a reason the church should invest in bonds issued by Xtron - her artiste management company.


The Prosecutor had strong words for Lam. She called his evidence incredible, and a lie, and said he was desperate to find an explanation as to why he had gone along with a plan to let the church sink millions of dollars into what were essentially junk bonds.


Lam pointed out that junk bonds were not necessarily bad bonds, and added that he had believed that Sun's US album sales would be good enough to cover the obligations of the bond. But the prosecution said that as a former director of Xtron, Lam would have known it was not a profitable company.


For example, its only asset was a laptop, with all other assets loaned by the church. It did not even have the budget to pay for a S$46,000 freight services bill.


The prosecution also drove home the point that Xtron was not the independent entity it had been made out to be. For one, Lam and his fellow accused Chew Eng Han had agreed to stamps of their signatures being made, to be used on Xtron invoices. Ms Chionh said the two were "happy to rubber stamp decisions", knowing they were made by Kong and the church.


It was also heard that the bulk of Xtron's funding came from the church members. For example, Indonesian businessman Wahju Hanafi's donations to the Church Building Fund were refunded to him, and channelled to Xtron. The building fund pledges and tithes of some other members including Lam were also diverted to Xtron. The trial continues.
 

Leongsam

High Order Twit / Low SES subject
Admin
Asset
Such a beautiful, talented singer... I'm sure her CDs must have sold out in no time at all.
 

krafty

Alfrescian (Inf)
Asset
there is a chinese saying which is "马不知脸长,猴子不知屁骨红“ :biggrin::p
 

laksaboy

Alfrescian (Inf)
Asset
All you need to know about Sun Ho's music career. :wink:


a-twitter-user-shared-a-print-version-of-city-harvest-churchs-the-crossover-project-website-statement-on-marketing-tactics-used-for-sun-hos-music-ventures.jpg
 

Leongsam

High Order Twit / Low SES subject
Admin
Asset
You can tell from this video just how beautiful and talented she is.

 

laksaboy

Alfrescian (Inf)
Asset
title_03.jpg


img3431.jpg


city+harvest+Photo+1-7-12+7+00+24+AM.gif


City-Harvest-Church-Members-Support-Kong-Hee.jpg


city-harvest-church-supporters.jpg


City Harvest Church is in good hands. It has a large group of loyal supporters who believe in the Crossover Project. :cool:
 

laksaboy

Alfrescian (Inf)
Asset
it is inevitable that greed will take over.... just look at PAP

kong-hee-nerd.jpg


Perhaps when Kong Hee had started his church, he had good intentions.

Maybe somewhere along the way, his wife led him astray. Christians should know very well the story of King Ahab and Jezebel. A wayward heathen wife makes you stray from the faith and worship false gods. :wink:
 

mojito

Alfrescian
Loyal
title_03.jpg


img3431.jpg


city+harvest+Photo+1-7-12+7+00+24+AM.gif


City-Harvest-Church-Members-Support-Kong-Hee.jpg


city-harvest-church-supporters.jpg


City Harvest Church is in good hands. It has a large group of loyal supporters who believe in the Crossover Project. :cool:

Do you find the same sort of followers in City Harvest Church like grasslooters in PAP? Gayboy roy may have a point you know.
 

kaipoh

Alfrescian
Loyal
I like the Song China Wine, especially the last part Sun scolded the nigger "快說你这死鬼昨晚和那个狐狸精去屌", shiok!

Such a beautiful, talented singer... I'm sure her CDs must have sold out in no time at all.
 

laksaboy

Alfrescian (Inf)
Asset
I like the Song China Wine, especially the last part Sun scolded the nigger "快說你这死鬼昨晚和那个狐狸精去屌", shiok!

But she cooks and cleans for that nigger, clearly she loves him.


[video=youtube;3GgxsfODXrI]http://www.youtube.com/watch?v=3GgxsfODXrI[/video]
 

halsey02

Alfrescian (Inf)
Asset
Such a beautiful, talented singer... I'm sure her CDs must have sold out in no time at all.

How many dozens did you buy?...can you show proof, on the number of CD's of hers you have bought?? including all her Sermons, if any etc?? or else...just_____!!
 

Jah_rastafar_I

Alfrescian (Inf)
Asset
But she cooks and cleans for that nigger, clearly she loves him.


[video=youtube;3GgxsfODXrI]http://www.youtube.com/watch?v=3GgxsfODXrI[/video]




<iframe width="640" height="360" src="//www.youtube.com/embed/ynPLAn8IGuM" frameborder="0" allowfullscreen></iframe>
 
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