Sharon Tan maintains her testimony that auditors had visibility of Xtron’s and the church’s books, as the prosecution attempts again to show that the defendants tried to mislead the auditors.
Church & Missions
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Prosecution started its cross-examination of finance manager Sharon Tan by examining what was recorded in the CHC board meeting minutes.
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19 September 2014 – Summary of CHC hearing.
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CHC TrialChurch & Missions
City Harvest Trial: Church Board “Highest Decision-making” Body In City Harvest Church
No church funds could have been invested except with the approval by the church board, the court heard from Chew Eng Han’s cross-examination of Sharon Tan.
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CHC TrialChurch & Missions
City Harvest Trial: Cross-Examination Emphasizes Genuineness Of Investments.
Sharon Tan’s testimony this afternoon was consistent with what Chew Eng Han tried to put forth, mainly that the investments were in the best interests of the church at material time.
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CHC TrialChurch & Missions
City Harvest Trial: Sharon Tan “Never Had Any Intention To Cause Church Any Loss”
Senior counsel Kannan Ramesh ended his examination-in-chief by addressing his client’s charges.
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Sharon Tan explains that Chew Eng Han’s proposed process of using advance rental to redeem bonds and acquire property was approved by the CHC board.
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The testimony of finance manager Sharon Tan this afternoon revealed new insight into the reason—and urgency—for the creation of the Advance Rental License Agreement (ARLA), which the prosecution has labeled “sham.”
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CHC TrialChurch & Missions
City Harvest Trial: Bonds Were Redeemed To Avoid Consolidation Of Church And Xtron Accounts, Says Finance Manager
Kannan Ramesh established his client Sharon Tan’s state of mind on why CHC had to redeem the amended Xtron bonds.
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CHC TrialChurch & Missions
City Harvest Trial: Sharon Tan Reveals Reason For Backdating Of Meeting Minutes
The finance manager’s reason for backdating of minutes was to solve a problem, not to deceive. The court also saw the board’s approval of a plan to buy Riverwalk through Xtron.
Chew sought to establish that auditors knew about the transactions surrounding the Advance Rental Licensing Agreement.
16 September 2014 – Summary of CHC hearing.