Saturday, May 25, 2013

I Don't know You!

I don't know = Less Wrong? His frankness about being a foolish, flawed and biased...


Xtron company director Koh Siow Ngea holds directorships in at least five companies related to City Harvest Church (CHC).

On top of that, he is the brother-in-law of its investment manager, Chew Eng Han.

But the company he now runs, Xtron Productions, is independent of the church, said Mr Koh Siow Ngea.

This is despite the fact that in 2008, Mr Koh was asked by CHC's senior pastor Tan Ye Peng to be a director at Xtron.

That is because CHC was one of Xtron's biggest customers so they could choose the company's directors, Mr Koh said on the witness stand on Tuesday.

He was the prosecution's third witness in the trial of six CHC leaders - which include Tan and Chew - accused of cooking the books.

When Mr Koh was appointed a director in July 2008, Xtron had $2.4 million of losses from 2007.

By the end of the 2008 financial year, it lost another $9.04 million.

When questioned about this, Mr Koh said he could not comment on that despite signing off on the company's yearly financial report. "Even though I sign, the content (of the financial report) I'm not sure."

He said more than once that despite its losses, Xtron was still a viable company.

This was because it could depend on business from the church, which provided "more than 95 per cent" of its income.

Moreover, Xtron shares the same vision as the church, he said, and staff were committed and would not mind working late nights or weekends.

"Our staff are good characters. People who don't swear or smoke. They're good people," he said.

Xtron also produced events for "big companies, multinational companies, beer companies", said Mr Koh, but he could not name any other clients when pressed by the prosecutor.

Unclear about details

There were also other documents that Mr Koh had signed despite being unclear about the details.

For instance, Mr Koh terminated Xtron's agreement to manage pop singer Sun Ho though "it was not my decision" to do so.

He said he was not sure who had decided to end the contract with Ms Ho even though his signature was on the termination document.

And then there was the July 2008 contract for a $17 million Riverwalk property that Xtron bought.

This was part of the advanced rental licensing agreement where CHC paid Xtron to buy land and rent space at the Singapore Expo to accommodate its congregation.

Mr Koh said it was a collective decision by the church to buy the property and he was informed of it by Tan.

He was not aware if Xtron repaid the entire sum to CHC after the agreement ended in 2010 when the church bought a stake in Suntec City.

Neither was he sure why it was necessary to pay back $40.5 million after the agreement ended.

"I don't know (what the money) was used for because I'm not the accountant," he said.

"But he will reply, 'I don't know you or where you come from. Away from me, all you evildoers!'", Luke 13:27

Luke 12:54-59

54 He said to the crowd: “When you see a cloud rising in the west, immediately you say, ‘It’s going to rain,’ and it does. 55 And when the south wind blows, you say, ‘It’s going to be hot,’ and it is. 56 Hypocrites! You know how to interpret the appearance of the earth and the sky. How is it that you don’t know how to interpret this present time?
57 “Why don’t you judge for yourselves what is right? 58 As you are going with your adversary to the magistrate, try hard to be reconciled on the way, or your adversary may drag you off to the judge, and the judge turn you over to the officer, and the officer throw you into prison. 59 I tell you, you will not get out until you have paid the last penny.”

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