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Chitchat Looking at Kong Hee case, we know TT Durai Was Really Lucky
- Thread starter gingerlyn
- Start date
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lets say the judge takes the middle path and give 10yrs. He will squat there for 6 (1/3 remission for good conduct).
ppl will forget him thereafter...poor serina...
ppl will forget him thereafter...poor serina...
Actually Durai lost everything. He was broke. He had sell his property and 3 people came forward to pay the $4m plus the legal fees. Albert Hong the architect took pity and paid for some of it and financed Durai's 3 children's education.
NKF took a civil suit against Durai and 3 board members. .
In Kong's case, he is not paying a cent back despite the wife and he having consumed $50m of the building fund. As he owns and runs the church he is not going to sue himself. The city harvest board / trustees need him and are obligated to him as it is his church and they are not going to sue him either. The congregation who donated the funds are captive zombies and they too are not going to sue him for the money.
What is interesting is that despite the $50m which are effectively the proceeds of crime, knowing the Government they will not seize it as the laws in this regard are very week. DO remember the $50m went into purchasing of properties in California.
What is interesting is that he arguably could have convinced his gullible congregation to use the building fund and I am sure they would have agreed on the basis of using her songs to evangelise non-christians. That would not have been a crime. His mistake was to show the general pubic that he was an honest pastor and not out to fleece his flock.
NKF took a civil suit against Durai and 3 board members. .
In Kong's case, he is not paying a cent back despite the wife and he having consumed $50m of the building fund. As he owns and runs the church he is not going to sue himself. The city harvest board / trustees need him and are obligated to him as it is his church and they are not going to sue him either. The congregation who donated the funds are captive zombies and they too are not going to sue him for the money.
What is interesting is that despite the $50m which are effectively the proceeds of crime, knowing the Government they will not seize it as the laws in this regard are very week. DO remember the $50m went into purchasing of properties in California.
What is interesting is that he arguably could have convinced his gullible congregation to use the building fund and I am sure they would have agreed on the basis of using her songs to evangelise non-christians. That would not have been a crime. His mistake was to show the general pubic that he was an honest pastor and not out to fleece his flock.
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His true mistake is his refusal to repent. Instead he launched CHC 2.0 and made his wife senior pastor to try and preserve his unrighteous wealth. Although he has been free since he was found guilty last year, all peace and joy has fled from his life. If he persists in walking this path, the ultimate sentence from the highest judge awaits him. God is merciful; God is not blind.
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He has not done anything wrong so why should he have to repent?
He channeled the money to where it would do the most good in spreading the word of God.
The crossover project is what brought me into the arms of Christ.
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Both Durai and Kong Hee plus that cheating monk Mingyi are from RI. RI 出骗子.
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KH wagers Big. And win / loses Big ...
http://business.asiaone.com/news/suntec-stake-city-harvest-sits-handsome-gain
City Harvest Church may have been in the spotlight for its murky finances lately but one of the church's investments has done very well.
The church owns part of a fund that holds Suntec Singapore Convention and Exhibition Centre, a property whose value has nearly tripled after refurbishment works were completed late last year.
City Harvest has racked up a paper profit of about $162 million over five years, according to calculations by The Straits Times.
The overall value of Suntec has surged from $235 million as at the inception of the ARA Harmony Fund on Sept 30, 2009, to an average valuation of $663.25 million as at Sept 30 this year, fund manager ARA said last week.
That represents a jump of about 182 per cent over five years.
ARA said that the fund's internal rate of return, after deducting about $16.1 million in performance fees, worked out to 26.3 per cent over the first five years of the fund's existence.
The internal rate of return is a measure of how profitable an investment is. The higher the rate of return, the more profitable it is.
City Harvest does not directly hold shares in the ARA Harmony Fund.
Rather, it is part of a consortium of private investors called Harmony Partners Investments which owns 80 per cent of the fund.
It joined the consortium around March 2010, several months after the fund was started.
The remaining 20 per cent belongs to Suntec Reit, which ARA also manages.
A City Harvest spokesman told The Straits Times earlier this week that it has invested $97.75 million in a 49 per cent stake in the consortium.
Since the consortium holds 80 per cent of the fund, City Harvest's effective indirect stake in the fund works out to about 39.2 per cent.
This means that City Harvest's stake in Suntec is now worth about $260 million.
Founding pastor Kong Hee announced in March 2010 that the church would invest $310 million to own part of Suntec, where the church holds its services. This included the cost of buying shares in the consortium, rental and renovation fees and other costs, The Straits Times reported back then.
However, the City Harvest spokesman said in her statement earlier this week that the church had not paid $310 million for its stake in the consortium.
She said that the $310 million figure reported earlier "was the amount the church sought to raise in order to execute its procurement of a stake plus cover other necessary costs".
She added that the church has not sold any of its holdings in the consortium and does not plan to.
The church continues to hold services at Suntec.
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- See more at: http://business.asiaone.com/news/suntec-stake-city-harvest-sits-handsome-gain#sthash.b2Kt89uq.dpuf
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this kong hee is like a mini lee kuan yew,with the ability to bamboozle tens of thousands of sinkies,plus the investment ability of peter lim too......or at least whoevers in charge of city harvest's finances.........if he hasnt done that stupid thing with Sun Ho,city harvest could possibly be the richest church in the world surpassing even the catholic church by 2030.imagine what he could have done with a church worth 10 billion dollars.....he can feed every poor,elderly and orphan in singapore......then perhaps christianity could be something useful in singapore.
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Most sinkies are impressionable and easily manipulated, while some suffer from delusions of grandeur.
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BTW for my own knowledge, for such cases, who make the call to prosecutor to extend the sentence ? Chief of public prosecutor or higher ?
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Pls lah, in sinkieland all wait for instruction frm the higher end. Who dare to act witout instruction? want to lose your 200k pa job?
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@ scroobal
Your description of what Kong Hee'd done and what he should've done reminds me of Chief Natural Aristocrat and his wife have been doing. The parallels between the deeds of both couples are so uncannily similar.
Who is this Albert Hong, architect, who paid for Durai's children's education?
Why is he so generous towards Durai?
Why did have to sell his property? to pay for part of his legal fees?
One quite outstanding guy from RI Loo Choon Beng...a gold medalist in Judo...AND A LAWYER TOO.
A master con man who con casino of some $4 million..A friend who knows him say if you meet him, he can teach you 101 ways to set up a company to cheat others.
Some say he faked his death and is still around...I just wonder if he studies law just to learn how to break the law..
That's why it is time to decommission all these farce and sham...
How can a tiny island of some 700sq km holds FIVE MAYORS.
Vote the PAP out..
Moreover, they will have the chance to donate their money to jess cris for a ticket to heaven.
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Albert Hong must be a retard to help a shit skin snake like durian pay for him.
There's always so many of these Chinese dogs around in sg.
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