The DPP is building up their case and they are going in the right direction. Firstly, they needed to establish that Xtron is the puppet company for KH and gang to siphon the CHC money away.
Look at the history
of Xtron, who are their "directors": TYP, Kenny Low, Hanafi. You will
see the intention. Siow Ngea and Kar Weng are puppet directors chosen
because they have business cred, and
will not spill the beans or ask too many questions. Xtron was NEVER
intended to run the audio-media side, it was the convenient smokescreen.
The real deal is to siphon money from CHC.
Suraj ran the
operations side of the house simply because Xtron staff were all CHC
Media staff "crossing over" to Xtron and Suraj was the HOD over them
before Xtron. The real business is run by TYP, with periodic involvement
of the "directors" to give a semblance of independent from CHC.
What is the core business of Xtron? It is NOT even the Crossover Project
or to save souls. It is to siphon CHC monies away to enrich KH and Sun
and their minions. Watch this...
1. Sun's $500K bonus and other
advance royalties. If your purpose is to save souls, would you pay out
$500K? Why would you pay advance royalties for an album that has not
been even produced and will now NEVER be produced?
Sun's bonus
of $500K is NOT a one off payment, there were several payments
throughout the years. If the bonuses were legit, you would never try to
hide it, let alone illegally.
2. CHC paid Xtron advanced rental
for 8 years! $40 million! CHC bought $21 million of sham bonds. Add
this all up. Where did the money go to? The "Crossover" expenditures are
only a fraction of the movement of monies, though it's a huge amount.
Xtron took a $10 million bank loan to finance Riverwalk. This fact shows
the intent clearly. KH would like to have us believe that the Xtron
bonds went to buying Riverwalk. In reality, the money went to the
"Crossover".
The $10 million used to finance Riverwalk and was
leased back to CHC. In other words, CHC through renting Riverwalk for
our use, was effectively paying off the installments and interests of
the $10 million bank loan while the bonds monies were all siphoned away.
3. The bonuses paid to Sun gives us a glimpse to how KH rewards those
who are involved in the scams. Beyond the funds used for the
"Crossover", untold millions went to line pockets. You can guess how
much bonuses TYP gets for orchestrating Sun's career and running the
siphoning scams.
The DPP look like they have a situation on
their hands, the names brought up are all party to the scams, albeit at
different levels: Suraj, Siow Ngea, Kar Weng. To charge or not to
charge? You will hear from Hanafi soon. He has personally used millions
of his own money to cover up the gaps in the building fund. KH, you have
destroyed him, likewise all those who you have used in this scam.
More to come...
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