Church & Missions

Jean-Jacque Lavigne testified that the church members were supportive of the Crossover Project and the bond transactions.

It would have been a privilege for her to complete the Crossover Project by launching the US album, Sun Ho told the court today.

On her final day on the stand, the accountant maintained that the bonds, advance rental license agreement and Special Opportunity Fund were not sham.

Serina Wee refuted the prosecution’s stand that the ARLA was sham because it was “never intended” to be advance rental but a way to provide funds for the redemption of Xtron bonds. She explained that the redemption of the bonds was an interim use of ARLA.

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.

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.

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.

On his first visit to City Harvest Church in March, Rick Godwin encouraged the congregation to find their “The Power of I must” in life and spend time pursuing it.

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.