Home > News > Regional
Tuesday January 14, 2014 MYT 12:00:00 AM
Tuesday January 14, 2014 MYT 7:51:32 AM
INFORMATION about allegedly sham bonds at the centre of the City Harvest Church trial had been kept from the auditor in charge of the firm issuing the bonds, a court heard at the start of the third leg of the trial.
Tiang Yii, a partner at auditing firm Baker Tilly TFW, oversaw music production firm Xtron Production’s audit for the period from January to December 2007.
In August that year, the firm signed an agreement to issue up to S$13mil (RM33.6mil) worth of bonds, out of which S$7mil’s (RM18.1mil) worth was eventually bought by the church that year.
Tiang said yesterday she had not seen e-mails shown by the prosecution, in which two of the six accused church members, John Lam Leng Hung and Tan Ye Peng, discussed concerns that Xtron could not repay the money it had borrowed through the bonds in time. — The Straits Times/ Asia News Network
Tags / Keywords:
One-year ban on import of ivory carvings
Prince William dons samurai gear on Japan tour
Gary Glitter jailed for 16 years for child abuse
Johor Sultan visits Hsien Loong
Malaysians abroad share how they celebrate our local festivals
8 Incredible food and wine adventures you can do in Australia!
Airlines and airports that get you to your destination on time
Exercise balls ease childbirth
Taman Kemuncak residents want stagnant pond and garbage cleared
Copyright © 1995-2015 Star Publications (M) Bhd (Co No 10894-D)