CHC money went one round, says auditor

[SINGAPORE] City Harvest Church's (CHC) one-time external auditor testified in court yesterday that he believed senior church members roundtripped funds in what was set up to look like a series of genuine investment transactions.

"The money has gone one round," said Sim Guan Seng, referring to a timeline of the transactions prepared in 2009 by one of the accused, Serina Wee, which was tendered as evidence to the court.

"Looking at the Excel sheet (the timeline of transactions) leads me to question whether the investments by CHC . . . are really investments in the first place," he said.