Saturday, 30 June 2012

Part 2: City Harvest Church (CHC), Pastor Kong Hee and the now S$50m Financial Irregularities

I will discuss Part 2 of the City Harvest Church (CHC) Saga, but for readers viewing this page for the first time, please visit Part 1.

For Part 1,City Harvest Church (CHC), Pastor Kong Hee and the now S$23m Financial Irregularities: http://heartlandsmack.blogspot.sg/2012/06/city-harvest-church-chc-pastor-kong-hee.html

Part 2 will be from here onward:

What has Happened After the Initial News Broke Out?
  • (a) CHC's Financial Irregularities Increased from S$23m to S$50m and Executive Pastor Aries Zulkarnain tries to defend against such Negative Publicity
    Aries Zulkarnain
  • (b) Details about how Kong Hee Invested the $ into Bogus Companies, which subsequently DIVERTED the funds to support Ho Yeow Sun (his wife's career)

Credits: Diva Asia
  • (c) Details about how Kong Hee went from living in a 5 Room, S$127k HDB in Tampines just a few years ago, to now a S$9.3m SENTOSA COVE Bungalow !
Credits: Property Guru
  • (d) Details about how vocal CHC members have been constantly protective of their Church Leaders

CHC Members
Before i move on, read the following paragraph about what Kong Hee & CHC is about...
"An old lady bought "healing stones" that are supposed to heal her eyesight. You know it is a scam, you warn her about it, even going to the extent of trying to get money back from the guy who sold it. But she says she feels her eyesight improve, and tells you not to be a busybody. Now you realize that person selling stones bought a bungalow at Sentosa from selling these stones to many people. " 

Indeed... many CHC members have been angry with the Media as they have been portraying Kong Hee in a negative light. Let me present the facts and analysis:

a) CHC's Financial Irregularities Increased from S$23m to S$50m and Executive Pastor Aries Zulkarnain tries to defend against such Negative Publicity
  • City Harvest Church (CHC) Financial Irregularities have Increased from S$23m to S$50m
  • This means that a larger sum of $ is now involved in the Probe
  • Executive Pastor Aries Zulkarnain tries to defend/cool the situation by issuing a statement that the S$50m is still with CHC and that no Individual profited from it
Aries Zulkarnain: "The people currently in the news are our pastors and trusted staff and leaders who have always put God and CHC first. As a church we stand with them and I believe fully in their integrity. Pastor Kong is still our Senior Pastor."

My view: Currently it's a fight between CHC against the Media, Commercial Affairs Department & Public. This is an uphill task and the public has a negative sentiment towards CHC already. This was built over through the exorbitant spending by CHC over the years 

(b) Details about how Kong Hee Invested the $ into Bogus Companies, which subsequently DIVERTED the funds to support Ho Yeow Sun (his wife's career)

Credits: The New Paper
  • Kong Hee used S$50m of the Church's Funds to invest in Bogus Companies. The $ was then transferred from the Bogus Companies to support Ho Yeow Sun's (crap) career 
    The 2 Bogus Companies involved are Xtron Production and PT The First National Glassware 

    Questions to Ask:
    (1) Why did CHC invest in a small company ? Why not invest in Singapore Government Bonds? Singapore Government Bonds are AAA rated (Best). Extremely Safe.

    (2) Why would CHC go through the trouble of investing in Bonds in companies with no track record / not even heard of ?

    (3) Did CHC even investigate if Xtron Production and PT The First National Glassware are legitimate or profitable ? 

     Outcome: For CHC to even consider invest in such Bogus Companies, there are 2 main purposes.
    - Confuse those checking the paper work to make the $ transfer seem legitimate
    - Money Laundering
(c) Details about how Kong Hee went from living in a 5 Room, S$127k HDB in Tampines just a few years ago, to now a S$9.3m SENTOSA COVE Bungalow !

1992: 5 Room HDB Flat in Tampines, S$127,000 

2010: Sold 5 Room HDB Flat in Tampines for S$420,000

2010: Bought Horizon Towers Condo Unit at River Valley, Cost Unknown

2010: Sold Horizon Towers Condo Unit at River Valley in the SAME YEAR

2010: Bought One Devonshire Condo Unit at River Valley for S$2.6m. Ho Yeow Sun was also renting a S$7.7m Bungalow at Hollywood Hills in USA for $28,000/month. WOW ? 

2012: Lives in a Sentosa Cove Bungalow worth S$9.3m. This Sentosa Cove Bungalow is co-owned by both Kong Hee and Wahju Hanafi. Something smells fishy here. 
Credits: Asia One. Wahju Hanafi (left) and Kong Hee (right)
 (d) Details about how vocal CHC members have been constantly protective of their Church Leaders 
  • Many CHC members have been brain-washed by their Church Leaders to support the same people that scammed them right in front of their eyes. The majority of Humans are by nature herd followers (meaning they listen to others for instructions. This is also another reason why there are very few leaders and many followers)  

    • Some examples include: CHC members forming a human barricade to block the Media after Kong Hee left the court and others defending them from the Negative Publicity of the Media. 
      Credits: Yahoo News

      Credits: Straits Times
Concluding Statements:
  • This entire CHC saga smells too much like a SCAM. Firstly, why would a Church buy Bonds in unknown companies ? Secondly, examining the lifestyle of the Church Founder (Kong Hee) will tell you that he is rather rich and that is rather impossible for his job as a Pastor in 10 years (1992 - 2012). Thirdly, the degree of brain wash is rather amazing. This really reminds me of the brain-wash in North Korea and Kong Il Sung, Kong Jong Il, and Kim Jon Un 
  • Ultimate conclusion: Scam

    Let me know YOUR Views as well...
Kim Il Sung

Kim Jong Il

Kim Jong Un





15 comments:

  1. fuck you la.. stupid report

    ReplyDelete
  2. no it's a class act. thank you. :)

    ReplyDelete
  3. Nice summary. Possible relationship between the Indonesian businessman and the Pastor? Like what you said, perhaps a channel for money laundering. Overseas money disguised as contribution to church fund invested in dubious investments.....

    ReplyDelete
  4. thank you. yes highly likely given that the Sentosa Cove Bungalow ownership is listed under the Indon Bizman (Wahju Hanafi) and Kong Hee's name. alternatively, Kong Hee might have given Wahju Hanafi an interest free loan via PT The First National Glassware.

    A pastor shouldn't be owning overly luxurious goods. He might have gotten away if he had been more low profile. Greed took over him.

    ReplyDelete
  5. Power corrupts, absolute power corrupts absolutely !

    "For the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs." Tim 6:10

    ReplyDelete
  6. Nice phrase. Yes, perhaps they started out on the right path. But i guess halfway through, the lure of money, got too much to handle for them.

    I have a new post here too : http://heartlandsmack.blogspot.sg/2012/07/ex-moe-scholar-child-porn-lover.html

    Jonathan "Child Porner" Wong

    ReplyDelete
  7. Anyone notice the drastic change of KH's look, from a saintly face in his earlier days to a fierce evil satanic facial expression now?

    His current look and facial expression shows that he is no longer an instrument of God, but of satan.

    ReplyDelete
  8. my personal take is that he started off with genuine intents to spread the good word of the religion. but halfway got corrupted by the wealth and power.

    ReplyDelete
  9. When you preach wealth, you have to show your are successful. So, in a way , you are trapped by what you preach. Similarly, it could be a guise to scam.

    On the other hand , if you preach austerity, the sam thing. You have to show you are poor and the poorer the batter. It could also be a scam to hide your accumulation of wealth.

    ReplyDelete
  10. Vicious Cycle... He was selling his image. An image that grew too big for him to handle ...

    ReplyDelete
  11. Good writing. Why buy bonds of dubious comapanies to churn income? $40-millions of funds have been used - $25 millions used, another $25 million to cover the previous amount. time for reflection, and introspection. Religion is free, it doesn't need to cost a person 10% of his monthly income.
    Humman nature has the tendency to falter.

    ReplyDelete
  12. This whole episode gives me the squirmish feel. The government should send a governing board to oversee the operations of such a big amount of money kept in this church and other mega churches.
    Pastors cheat on fuel gauge meter, pastor driving Jaguar, pastor performing magic tricks, and now one in Marine Parade church closes for 40 days of normal church service till 8 August 2012 in name of praying for S'pore and recent incident involving another church, should? there a code of conduct or government body to prevent loss of trust in these religious or charitable-social-community organisations? It is not fair to other honest and credible organisations who provide community and welfare care for the needy.

    ReplyDelete
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