SINGAPORE - With the arrest of City Harvest church founder Kong Hee as well as his suspension from its charity, the story of how financial irregularities of at least $23 million from the Charity's funds was discovered has been revealed.
In early 2010, the Commissioner of Charities (COC) received complaints alleging the misuse of the charity's funds. It informed the Commercial Affairs Department (CAD) when it assessed that some of these financial transactions may need to be investigated by the CAD.
The COC's inquiry revealed misconduct and mismanagement in the administration of the charity, particularly in relation to the funds that were in the Building Fund which had been raised and earmarked for specific purposes.
Financial irregularities of at least $23 million from the Charity's funds have been discovered.
These funds, said the COC, were used with the purported intention to finance Ho Yeow Sun's secular music career to connect with people.
|City Harvest church founder, 4 others charged
Click on thumbnail to view (Photos: ST, AsiaOne, Reuters)