Chart topping China Wine album made SGD14 million losses

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CHC trial: Sun Ho lost more than $14m on album



AsiaOne
Tuesday, May 21, 2013

SINGAPORE - It was revealed in court yesterday that a loss of more than $14 million was incurred from the production of an album for pop singer Sun Ho.

Ms Ho is the wife of City Harvest Church (CHC) founder and pastor Kong Hee, who is on trial along with five other church leaders for allegedly funnelling $24 million of the church's funds into sham bond investments to further Ms Ho's career.

The Shin Min Daily News reported that the loss amounting to $14,372,654 was settled by Indonesian businessman Wahju Hanafi in a payment to Xtron Productions, a music production company that managed Ms Ho from August 2007 to August 2008.

This was disclosed in an email produced by the prosecution. It was sent by former CHC finance chief Serina Wee, one of the six accused, to former CHC accounts assistant Angie Koh on April 5, 2010.

Mr Wahju was the director of Xtron as well as Ultimate Assets and Firna, another music production company that managed Ms Ho after she ended her contract with Xtron. These companies are allegedly involved in the series of sham bond investments undertaken by CHC.


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