City Harvest Case part 2: If There is a Fraud What Would be the Motives?

As already mentioned in my previous post City Harvest Case Part 1: Following God or Mammon?, the COC and the prosecution claim that at least SGD 24 millions were illegally diverted from the church building fund and channelled to finance Sun Ho’s attempt to breakthrough on the Hollywood music scene. In order to find out whether there could be any real substance (or not) in the allegations made against the CHC leaders, I will explore this case using a well-tested and recognized Fraud Risk Management Analytical Framework: The Fraud Triangle.  Continue reading

City Harvest Case part 1: Following God or Mammon?

The start of the City Harvest Church (CHC in short) trial on the 15th of May after 2 years of investigations which saw the church senior pastor and founder, Kong Hee and 5 other leaders of the church being prosecuted for allegedly misusing church’s funds, has brought back under the spotlight the issue of the sensitive relationship between Religion and Money. Continue reading

Food for thoughts.. “As Long as the tide is up, You can swim naked!”

A lot of people and organizations think they are taking risks and managing them effectively because ‘on the surface’ (revenues, short-term profits) everything appears to look good!. Unfortunately, it is only during a crisis that they will find out too late that they are ‘naked’.

Business Schools Education: Creating MENACES to Society?

I was attending recently a Forum organized by ESSEC Business School in Singapore (on the 26t february 2013). The topic under scrutiny was:

“Can Management Education Cope with Globalization Crisis and Sustainability?”

To explore and discuss this topic Continue reading

Perception vs Reality: Using stress testing for a PR job

A Stress testing is a form of test that aims to evaluate how a system (financial system) or an entity (a Bank in this case) can cope when subjected to amounts of stress that goes well beyond the ‘normal’ expected operational environment. The goal is to observe the results to determine the resistance range and  breaking point. Continue reading

Sony Reputational Nightmare: How to piss off 77 millions customers!

A major hack attacks resulting in tens of millions of your customer’s information including credit card details to be compromised and forcing your organization to shutdown your main online money-making system should be one of your worst nightmares. Continue reading