In an attempt to show the “sham” nature of the Firna bonds, the prosecution grills defendant John Lam about the apparent lack of due diligence and his “anxious” efforts to minimize impairment in the church’s accounts.
Church & Missions
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CHC TrialChurch & Missions
CHC Trial: Personal Guarantees Are Meant As A Last Resort, Says Defendant Lam.
John Lam explained to the court this morning how personal guarantees work, and why it was necessary to extend the maturity date of the Xtron bonds rather than rely on the personal guarantee.
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5 August 2014 – Summary of Day 2 of CHC hearing.
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CHC TrialChurch & Missions
CHC Trial: John Lam: “False” Entries Not What Prosecution Makes It Out To Be
Prosecution continues to defend its claims of misrepresentation and concealment of information from auditors and board members in cross-examination of John Lam today.
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Prosecution puts forth evidence which seemed to suggest building fund money was channeled to Crossover Project; John Lam explains it was a mistake, and that Wahju Hanafi’s intention had always been to fund the Project.
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For two decades, City Harvest Church’s School of Theology has been raising up a generation of trained workers from across the world, for the kingdom of God.
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Eleven years have passed since the first Emerge Youth Conference took place in City Harvest Church. The youth conference has grown to impact not just young people in Singapore but across the world, with lasting fruit.
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CHC TrialChurch & Missions
CHC Trial: Board Members Collectively Concerned About Crossover Project Being Discreet
Xtron’s role as Sun Ho’s artiste manager was kept from the public in order to avoid unfavorable impressions, John Lam explains.
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CHC TrialChurch & Missions
CHC Trial: Cross-Examination Of Lam Dredges Up Pre-Charge Era Of Crossover Project
During cross-examination, the DPP questioned Lam on the board’s decision to seek out Foong’s advice instead of the engagement partner of Baker Tilly.
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CHC TrialChurch & Missions
CHC Trial: Lam Does “Not Exactly” Know What Conspiracy He Is Charged With
What was the conspiracy he is being charged with? Defendant John Lam admitted he wasn’t sure. He also agreed with Senior Counsel N Sreenivasan that had the 2010 investigations not occurred, the Xtron bonds would have been paid back in the normal course of events, testifies John Lam.
Unsold albums and lack of mention about personal guarantee by Wahju Hanafi formed the main points of the prosecution’s cross-examination of John Lam this afternoon.
Dick Bernal gave a word encouraging City Harvest Church to not give up when setbacks come.
