The prosecutor wrapped up its cross-examination of Kong today
DPP: “Witness, I put it to you that from the inception of the Crossover Project, you were both the person in charge and the ultimate decision maker behind the project. Witness, I am actually going to be putting the key points of our case to you, so I think for each of these puts you were to answer with all the normal replies about lawyers and auditors, it will take a very long time. I think by now we are clear what your position is. So unless there’s really something really new, perhaps you want to agree or disagree. All right? So do you agree? I put it to you that from the inception of the Crossover Project you were both the person-in-charge and the ultimate decision maker behind the project.”
Kong: “I disagreed. I do not deny the fact that I’m the spiritual leader and visionary of the Crossover Project, but when the Crossover Project became so large, where so much money was involved, it took on a complexity that was a little beyond me. I could still be involved in the budgeting, liaison with Americans. But when it came to the financing, it was beyond my capability. I needed the Xtron directors, the church board, the professionals to play their role so that my spiritual vision can be fulfilled for the church.”
DPP: “I put it to you that you knowingly conspired with Ye Peng, Serina, John Lam to cause CHC and Xtron to enter into the first CHC Xtron bond which purported to be a bond agreement but which was actually a sham transaction.”
Kong: “I disagree. I asked the team to check with the lawyers, auditors, get the management board to approve of it. And from day one, whether is it Xtron bonds or the Firna bonds, at the moment of execution there was very intention to fulfill its legal obligation, your Honour.”
DPP: “I put it to you that you knew that this sham transaction, the first Xtron BSA, had the sole purpose of channeling funds from CHC Building Fund to Xtron to pay for the expenses of Sun Ho’s music career.
Kong: “I disagree for the reasons given previously.”
DPP: “I put it to you that you were able to cause this sham transaction to take place because you, Ye Peng, Eng Han, Serina and John Lam controlled or manipulated the decision-making processes in both CHC and Xtron, leading to the sham transaction.
…….
DPP: “I put it to you that, despite all this, you lied to CHC’s auditor, lawyers, the CAD and this court that this sham transaction was a genuine investment.”
….
DPP: “I put it to you that you were able to cause this sham action to take place because you had secured Wahju as a conduit to be channeled to finance Sun’s music career.”
Kong: “I disagree for the reasons given previously.”
….
DPP: “I put it to you that you have consistently lied to the CAD and this court when you claimed that Wahju had given a personal guarantee to underwrite the Crossover Project’s expenses in 2002.”
Kong: “I disagree for the reasons given previously.”
….
DPP: “I put it to you that you engaged in a series of lies and deceptions over the years to conceal and facilitate the unauthorized misuse of the church’s Building Fund by you and your co-accused, Ye Peng, Eng Han, Serina ad John Lam.”
Kong: “Your Honour, I disagree, and if this put is true, then Baker Tilly must be my accomplice, because they knew that the Building Fund had been used for this and they didn’t say it was unauthorized.”
(FWAH MAJOR SABO)
DPP: “I put it to you that you knew that channelling the Building Fund out of the church through these sham transactions was in breach of the permitted uses of this Building Fund, which had been entrusted to you as a board member, specially as president of the CHC board.”
Kong: “Your Honour, I disagree, precisely because there are legalities and technicalities that I needed to check. That was the reason why I constantly relied on lawyers and auditors to advise us on these transactions.”
DPP: “Your Honour, I have no further questions.”
How long do you think will be kong hee jail term if found guilty?
ReplyDelete