Five senior members of City Harvest Church (CHC), including its founder Kong Hee, have been charged in court for alleged criminal breach of trust. The three charges they faced are:
- Sham transactions to fund Sun Ho’s music endeavor
- Series of transactions to clear (1), round tipping
- Covering of tracks
1. Sham transactions to fund Sun Ho’s music endeavor
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.
2. Series of transactions to clear (1), round tipping
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.
3. Covering of 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.