Last year when both prosecutors and lawyers presented their argument in Court of Appeal, I kinda knew this would be the outcome.
The argument from lawyers was waaaaay more convincing than the prosecutors’, after all.
John Lam believed that investment into Xtron and Firna were genuine investment and redemption of bonds would be made via Ho’s album sales. Lam’s involvement in the bond transaction were limited and episodic. There was no intent to cause wrongful loss to the church. Controlling the fund can be viewed managing the way the third party accessed church fund.