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City Harvest Trial: Serina Wee 'deceived brother about church business', says prosecution

She hid information on church finances: Prosecution

Published on Aug 30, 2014 8:52 AM
 
Former Xtron accountant Serina Wee. -- ST PHOTO: WONG KWAI CHOW

Former Xtron accountant Serina Wee deceived her own brother to hide what was really happening between her firm and City Harvest Church.

After church member Roland Wee asked her where Xtron's money came from, his sister wrote to two church leaders to warn that others may also start asking similar questions.

"He can see from the business profile search that Xtron has $6,000,006 share capital. Where did the money come from? This is a question anyone looking at the accounts will ask," Wee said in the 2010 e-mail to the church's deputy senior pastor Tan Ye Peng and its fund manager Chew Eng Han.

"I couldn't tell him that Xtron had taken a ($10.7 million) bank loan for the Riverwalk purchase and (the share capital) was what the bank wanted... so I just told him it was from the shareholders."

 
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KEEPING SECRETS

He can see from the business profile search that Xtron has $6,000,006 share capital. Where did the money come from? This is a question anyone looking at the accounts will ask. I couldn't tell him that Xtron had taken a ($10.7 million) bank loan for the Riverwalk purchase and (the share capital) was what the bank wanted... so I just told him it was from the shareholders.

- Former Xtron accountant Serina Wee, in a 2010 e-mail to City Harvest Church's deputy senior pastor Tan Ye Peng and its fund manager Chew Eng Han

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