Have u heard?
City Harvest founder Kong Hee with its 4 other senior Ministry members arrested for alleged misused church funds.
Photo and Report from CNA: http://www.channelnewsasia.com/stories/singaporelocalnews/view/1210141/1/.html
They face three charges.
The first charge centres on purported bond investments made by the church in two companies, Xtron Productions and PT the First National Glassware.
These bond investments, which the prosecution said are "sham transactions", were allegedly devised to conceal the diversion of some S$24 million from the church's Building Fund to fund Ho Yeow Sun's music career. Ho is Kong Hee's wife.
Four people are liable for the first set of charges - Kong Hee, Tan Ye Peng, Lam Leng Hung and Chew Eng Han.
The second charge relates to a series of transactions that some of the accused had created to clear the purported bond investments off the church's accounts.
They allegedly misappropriated a further S$26.6 million from the church's funds.
It's alleged that the money was circulated through a complicated series of transactions to create the false appearance that the purported sham bond investments had been redeemed.
For these charges, which have been termed as "round-tripping", three people are liable - Tan Ye Peng, Chew Eng Han and Tan Shao Yuen Sharon.
The third charge relates to the falsification of church's accounts to cover their tracks.
It's alleged that Tan Ye Peng, Chew Eng Han and Tan Shao Yuen Sharon doctored the church's books to give the false appearance that the bond investments had been redeemed.
In all, pastor and church founder Kong Hee faces three charges; senior pastor Tan Ye Peng faces 10 charges; finance manager Tan Shao Yuen Sharon faces seven charges; senior member Chew Eng Han faces 10 charges; and former secretary of the church's management board Lam Leng Hung faces three charges.
The five have each posted bail of S$500,000 and have had their passports impounded.
The first charge centres on purported bond investments made by the church in two companies, Xtron Productions and PT the First National Glassware.
These bond investments, which the prosecution said are "sham transactions", were allegedly devised to conceal the diversion of some S$24 million from the church's Building Fund to fund Ho Yeow Sun's music career. Ho is Kong Hee's wife.
Four people are liable for the first set of charges - Kong Hee, Tan Ye Peng, Lam Leng Hung and Chew Eng Han.
The second charge relates to a series of transactions that some of the accused had created to clear the purported bond investments off the church's accounts.
They allegedly misappropriated a further S$26.6 million from the church's funds.
It's alleged that the money was circulated through a complicated series of transactions to create the false appearance that the purported sham bond investments had been redeemed.
For these charges, which have been termed as "round-tripping", three people are liable - Tan Ye Peng, Chew Eng Han and Tan Shao Yuen Sharon.
The third charge relates to the falsification of church's accounts to cover their tracks.
It's alleged that Tan Ye Peng, Chew Eng Han and Tan Shao Yuen Sharon doctored the church's books to give the false appearance that the bond investments had been redeemed.
In all, pastor and church founder Kong Hee faces three charges; senior pastor Tan Ye Peng faces 10 charges; finance manager Tan Shao Yuen Sharon faces seven charges; senior member Chew Eng Han faces 10 charges; and former secretary of the church's management board Lam Leng Hung faces three charges.
The five have each posted bail of S$500,000 and have had their passports impounded.
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Being a church goer myself, I am alarmed to hear of this news. Friends around me have sang praises of Pastor Kong every time they share gospels with me. Undoubtedly, he has been a figure looked upon by many of his followers in the charismatic world. To think he and the committee went to such great heights to falsify church accounts to get his wife famous by misusing S$50+millions of church funds, is a total let down. I feel really sorry for my friends for putting in so much trust in the religion, their Pastors and the church. No, the religion is good but he who's heading the church and passing down sermons mirrors the purity of God, Lord Jesus. The believers must have felt really disappointed, not with the religion but with the Reverend. This case is to me, not only a breach of trust and misappropriate of funds in the eyes of law, but a breach of respect, dedication, faith in the eyes of God, Christianity and its worshippers.
IMHO, Sun Ho had never been in my memory "Famous" nor "Influential" in the music scene since 2003. HMMM. Seriously, the money "invested" on her could have been used in a more meaningful and charitable way. 
Rumours of the misappropriated funds have surfaced years ago but I thought it might not be true as there wasn't any evidences to prove. Now that the authorities have, may justice be heard.
We felt betrayed but we will forgive.
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We felt betrayed but we will forgive.
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