Kong Hee going to borrow S$45 million.

[Jah_rastafar_I]

Hard truths about the Arise & Build Fund from the insider.

"The reason why the amount is not announced is because it has fallen short, way short of the pledge amount. Without getting into the specifics, it's much lower than the rental we have to pay for Suntec.

In the previous campaign, KH announced triumphantly that we raised the highest ever even though thousands have left, showing that God is on our side. Did you believe him?

LOL. It was way short too, except that they "borrowed" money to shore up the figures and declared victory. Guess what KH is trying to do this time, before announcing the figures? You will hear the "amount" just before the new ANB season in a couple of months time, if CHC hasn't gone under by the loans yet.

Anyone wondering how the BF amount can be artificially shored up? "Borrowing" was the strategy till KH chanced upon a great cash cow, Legal Fund. How many of you have been pledging and giving to the legal fund? How many were told to stop tithing and giving BF but just give to LF? How many transferred your money faithfully every month to some bank account number? Do you know who the account really belongs to? Do you know how much is already collected? Do you know how the money is really spent? Have you ever asked for the black and white statement of collection and expenditures? Have you received acknowledgement of your giving? (Oops, of course not, we are not supposed to collect LF according to COC). Are you comfortable going against the law?

Fellow members, demand accountability from your board and KH. Despite COC action, guess who is still very much pulling the strings in CHC?"

where u get this quote from? No link.

 

[Deleted member 80916]

mayne he's going to buid many more underground, basement churches - just like tha one aong coronation road west
remember the AWARE saga ?

Why does CHC need to borrow so much money? Tithe not enough? Followers tightening purse?

This deal structure is so weird.

 

[batman1]

All these merry-go-round financial arrangements are a scam ,alot of creative accounting and window dressing.