(Mr Tan is representing John Lam)
Sharon’s EIC said that she attended the board meetings with Serina Wee from 15 February 2007.
During the cross-examination, Sharon
said that she only took over the responsibility of keeping the minutes
for the CHC board including investment committee, after December 2007.
Sharon: “Your Honour, but pretty much under the guidance.”
Judge: “Under the guidance of who?”
Sharon: “Your Honour, that would be
made of, in general… I would still be under the guidance of Serina, but
there will be a few others who will contribute and guide me along.”
Sharon said it would include John Lam
as well. When being asked further questions by John Lam’s lawyer, Sharon
agreed with him that Mr Nicholas Goh, who is the chairman of the
committee, also guided her in writing the minutes.
(Note: Sharon’s EIC showed email proof that this back dated investment committee minutes was vetted by John Lam.)
After some questionings, Sharon said
that she was overly concerned about the related-party transaction and
conflict of interest issues. Therefore, after discussion with Serina,
she took it upon herself to change the date to 29 July 2008.
Mr Tan went through the content of the
investment committee minutes, Sharon’s hand written notes and the board
minutes with Sharon.
Sharon was the minute taker. She has
some hand written note evidences that proved Xtron, Firna, advance
rental and redemption of the bonds were indeed brought up to the board.
She did not minute down in details what
was discussed in the meeting, especially the approval. She explained in
court that the approval for Xtron to invest into Firna should be from
the Xtron directors.
She only recorded the necessary portions in the CHC
board minutes.
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