08 May 2015 – Summary of CHC hearing.
Church & Missions
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CHC TrialChurch & Missions
City Harvest Trial: Cashflow Given By The Americans Showed That Xtron Could Recover Bonds, Says Former Finance Manager
Serina Wee told the court that cashflow projections from the US music producer had showed that album profits would allow Xtron to repay the bonds bought by CHC.
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CHC TrialChurch & Missions
City Harvest Trial: Church Board Was Fully Aware & Approved Proposals To Increase Funds To Xtron, Says Wee
Proposals suggested by accused parties to pay more income to Xtron were approved by the church board, Serina Wee testified today.
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CHC TrialChurch & Missions
City Harvest Trial: Wee Refutes Prosecution’s Accusation That Boundaries Were “Fluid” Between CHC And Xtron
Serina Wee gave suggestions to resolve Xtron’s cash flow problems, but she did not have the authority to make approvals, she testified in court today.
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CHC TrialChurch & Missions
City Harvest Trial: Wee Defends “Arm’s Length” Transactions That Prosecution Calls False
On the first day of its cross-examination of Serina Wee, the prosecution sought to show that the transactions between CHC and Xtron were not at arm’s length.
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CHC TrialChurch & Missions
City Harvest Trial: There Was Never Any Reward Promised For Carrying Out The Crossover Project, Defendants Agree
Under cross-examination by co-defendant Chew Eng Han today, Serina Wee agreed that none of the accused parties made any personal gains for carrying out their duties in the Crossover Project.
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CHC TrialChurch & Missions
City Harvest Trial: Wahju Hanafi asked me to keep track of funds for the Crossover Project, says Wee
Former finance manager Serina Wee testified today that, in line with his intention to finance the Crossover Project, Wahju Hanafi had asked her to monitor the flow of the Firna bond proceeds. The prosecution has charged the Firna bonds were sham because accused were dictating the use of bond monies.
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17 Apr 2015 – Summary of CHC hearing.
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CHC TrialChurch & Missions
City Harvest Trial: Everything Done Must Be In Interest Of CHC, Advised Auditor
Senior counsel for Serina Wee, Andre Maniam set out to show his client’s frame of mind and understanding about the Xtron bond redemption and the US album sales.
CHC TrialChurch & Missions
City Harvest Trial: Wee Expresses “Regret” Over Language Used, But Not For Reasons Suggested By Prosecution
The prosecution seeks to establish that actions Serina Wee took were to create the appearance that Xtron was independently run; Wee explains it was to avoid misunderstandings that Xtron was a church-related company.
CHC TrialChurch & Missions
City Harvest Trial: It Never Crossed My Mind That What We Did Could Be Illegal, Says Wee
Serina Wee tells the court that she loves the church and would not do anything to put it at risk.