SINGAPORE - Former City Harvest Church leaders Serina Wee and John Lam have been struck off the memberhip of the Institute of Singapore Chartered Accountants (ISCA), the national accountancy body said on its website.
Both Wee and Lam were removed from the ISCA on April 9 this year. The ISCA's disciplinary committee also ordered them to each pay about $1,352 for the "costs and expenses incurred... in connection with the investigation and disciplinary proceedings undertaken".
Wee and Lam were part of a group of six church leaders who had misappropriated $24 million in the church's building funds through sham bond investments in music production firm Xtron and glass maker Firna. They also misused another $26 million to cover up the initial crime.
The money went towards funding the secular music career of Ms Ho Yeow Sun, wife of City Harvest's convicted founder and leader Kong Hee.
All six leaders were convicted of committing criminal breach of trust, and are serving varying prison terms.
Wee, who was the church's finance manager, is serving two years and six months, while Lam, who was on the church's finance committee, is serving one year and six months.