why so many companies one? so business oriented! 
Tuesday May 21, 2013
Witness kept in the dark over City Harvest transactions
The prosecution tried to show that a few of the accused church leaders in the City Harvest trial had plotted the movement of millions of dollars, while leaving others out of the loop on their plan.
An e-mail from Serina Wee to Sharon Tan – both of whom are accused – saw the former saying that she did not want her company Advante to be reflected in “any of the transactions”, so that “auditors wouldn’t blame us”.
Another e-mail from Wee to Wahju Hanafi, who is not one of the accused, saw Wee telling Wahju to complete certain transactions in the “soonest possible time frame”, so that the bank would not “raise any questions”.
Wahju is the director of several companies, including Xtron and Ultimate Assets, which were involved in transactions with the church.
Wahju had said in an e-mail reply to Wee, Chew Eng Han and second witness Angie Koh: “All these costs are to be borne by Xtron or whatever company. We are just instruments to make things happen.”
When Koh was asked by DPP Mavis Chionh if she knew what Wahju was referring to in his e-mail response, she said she did not.
Koh was then involved in handling the church’s accounts, but said repeatedly in her court testimony that Wee had not explained to her the background of the various transactions the church had with companies such as Xtron, AMAC or Ultimate Assets, nor the relationship the church had with these companies.
Yesterday marks the third day of the trial, in which six church leaders are alleged to have funnelled S$24mil (RM57.5mil) into sham bond investments in companies such as Xtron, to further the career of senior pastor Kong Hee’s pop singer wife. — The Straits Times / Asia News Network
Tuesday May 21, 2013
Witness kept in the dark over City Harvest transactions
The prosecution tried to show that a few of the accused church leaders in the City Harvest trial had plotted the movement of millions of dollars, while leaving others out of the loop on their plan.
An e-mail from Serina Wee to Sharon Tan – both of whom are accused – saw the former saying that she did not want her company Advante to be reflected in “any of the transactions”, so that “auditors wouldn’t blame us”.
Another e-mail from Wee to Wahju Hanafi, who is not one of the accused, saw Wee telling Wahju to complete certain transactions in the “soonest possible time frame”, so that the bank would not “raise any questions”.
Wahju is the director of several companies, including Xtron and Ultimate Assets, which were involved in transactions with the church.
Wahju had said in an e-mail reply to Wee, Chew Eng Han and second witness Angie Koh: “All these costs are to be borne by Xtron or whatever company. We are just instruments to make things happen.”
When Koh was asked by DPP Mavis Chionh if she knew what Wahju was referring to in his e-mail response, she said she did not.
Koh was then involved in handling the church’s accounts, but said repeatedly in her court testimony that Wee had not explained to her the background of the various transactions the church had with companies such as Xtron, AMAC or Ultimate Assets, nor the relationship the church had with these companies.
Yesterday marks the third day of the trial, in which six church leaders are alleged to have funnelled S$24mil (RM57.5mil) into sham bond investments in companies such as Xtron, to further the career of senior pastor Kong Hee’s pop singer wife. — The Straits Times / Asia News Network
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