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:
'Miracle' panda triplets open their eyes in Chinese zoo
Death rumbled past, mere inches away
Indonesian Aceh proposes 100 lashes for gay sex
Afghan presidential rivals set to sign unity deal
iPhone 6 craze hits Chinese buyers
Border stand-off overshadows Xi’s India visit
EU regulators agree on guidelines for "right to be forgotten" complaints
Pardew rides the punches as Newcastle show fighting spirit
Sweet charity: A chance for you to help out and have fun
Copyright © 1995-2014 Star Publications (M) Bhd (Co No 10894-D)