Ex-chairman of temple sues for return of $1m ‘loan’; defendants say sum was a donation

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Ex-chairman of temple sues for return of $1m ‘loan’; defendants say sum was a donation
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The former chairman of a Taoist temple who contributed more than $1 million to start it up and to organise its events has sued the temple for the return of his money. In a case that opened in the High Court on May 2, Mr Richard Lim Swee Joo alleged that the sum he had...

On Wednesday, Mr Goh said during cross-examination that he had submitted a false statement to the Registry of Societies .

Mr Goh replied that there was a discussion to change Mr Lim’s donations to loans. “In my view, donations constitute as income, loans also constitute as income,” he said through a Mandarin interpreter. Mr Goh added: “At that point in time, I was only considering that these two sums constitute as income, and I must admit to Your Honour that it was a wrong judgment of mine.”

Mr Lim said he agreed to extend loans to set up the temple and to organise events. He said Mr Goh agreed that the loans would be repaid and assured him that another temple made a lot of money under his management. Mr Lim said he had asked for an acknowledgment because he was stepping down as the chairman and wanted a proper record of the loan.

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