CHC Trial 28, August, 2014 (Day 66-Day 19 Tranche 5)

http://www.citynews.sg/2014/08/city-harvest-trial-kong-hee-defends-use-of-bonds-to-repay-interest/

Pastor Tan was tasked by Pastor Kong to find out ‘real money’ outside the bonds between CHC, Xtron and Firna.
Indeed, when I first heard about this line, I had this impression about round-tripping.
However, now that Pastor Kong has explained the context, things become clearer.
They were just waiting for the album to be launched, hence Xtron issued more bonds to pay the interest to church.

Well, I understand there were various reasons for album not to be launched.
If only the album had been launched…. perhaps Xtron would have gained much profit to prevent this apparent round-tripping…

Advertisements
%d bloggers like this: