'Bond investments made sense to me'

City Harvest Church trustee Tan Yew Meng was convinced by a good sales pitch that bond investments in beleaguered music production firm Xtron would be a sound move.

In an extraordinary general meeting in August 2008 attended by executive members of the church, they were given “the understanding that the investment would give us good returns of 4% and S$720,000 (RM1.8mil) a year over a period of 10 years”.