FORMER Ren Ci Hospital founder Ming Yi and his former personal
assistant Raymond Yeung were found guilty on Wednesday on charges
over an unauthorised loan from the charity's funds to his aide in
2004.
They will be sentenced on Nov 11.
Ming Yi, 47, was convicted on four charges, two of them jointly
with Yeung, 34.
The Buddhist monk was accused of having supposedly made an
unauthorised loan of $50,000 on May 17, 2004. The loan was
allegedly made to the Mandala Buddhist Cultural Centre but it was
not reflected in Mandala's financial records.
Ming Yi and Yeung also face one charge each of giving false
information to the Commissioner of Charities (COC) in a letter
supposedly from a China artefacts company.
The other two charges that Ming Yi faces are for
misappropriating Ren Ci's funds by approving the loan and lying to
the COC in an oral statement about it.
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