$4.5m fee executive producers demanded was deemed unreasonable; defendants reworked budget plan to ensure Xtron could recoup its investment in the Crossover Project. Also raised: the Riverwalk purchase and Ren Ci case caused defendants to seek advice of auditor Foong Daw Ching.
Church & Missions
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12 August 2014 – Summary of Day 7 of CHC hearing
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CHC TrialChurch & Missions
CHC Trial: Kong Hee Said No to 50-50 Profit Share With US Execs; Church Must Not Lose “A Single Dollar”
Email evidence showed “emphatic” re-negotiation efforts by Kong with US music executives to achieve “balanced” profit sharing arrangements so as to ensure fair deal for Xtron and allow it to ultimately repay CHC; he also did not want to take Wahju Hanafi’s “generosity and friendship” for granted.
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CHC TrialChurch & Missions
CHC Trial: Kong Hee: The Budget Of The US Album Had To Be Sound And Reasonable
The court saw details of the budget planning process for Sun Ho’s US album and how thorough Kong Hee was in ensuring a conservative projection.
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CHC TrialChurch & Missions
CHC Trial: Kong Hee Takes The Stand; Reasons For And Sequence Of Crossover Project Established
The court heard the story of CHC’s beginnings, how the Crossover happened and that Xtron’s logo appeared on the back of Sun Ho’s later albums.
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8 August 2014 – Summary of Day 5 of CHC hearing
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Defendant John Lam concludes his time in the witness box today.
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DPP Mavis Chionh throws curveball suggestions at defendant late into the day based on new evidence submitted by church’s former fund manager Chew Eng Han, prompting rigorous objections from the defense team.
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City Harvest Church celebrates 25 years of ministry over a weekend packed with worship and gratitude.
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CHC TrialChurch & Missions
CHC Trial: DPP Questions Ex-Board Member’s Interest In Protecting The Church
The prosecution highlights discrepancies between Chew’s and Lam’s statements to CAD; accuses Lam of making Chew a scapegoat.
Early allegations spurred church leadership to seek counsel from Drew & Napier lawyer and Baker Tilly auditor in strengthening its corporate governance, CHC founder Kong Hee tells court.
Fresh off the fire of the recent youth conference, Emerge Varsity’s inter-varsity event Race To Dawn was a smash success.