In the continuation of the hearing of the Profitable Plots case, a prosecution witness told the Court yesterday that the Boron scheme was “not viable”, reports the 25th April 2013 edition of The Straits Times (Investment scheme was ’not viable’).

A  specialist in evaluating business sustainability from auditing firm Ernst & Young, Accountant Andre Toh Sern told the Court that the Boron scheme had US$4m in cash balance in November 2008 by had dwindled to just US$406,000 by August 2010 as payments exceeded revenue.

Just US$215 worth of Boron products was sold in Singapore during November 2008 to August 2010 when the brochure on the Boron scheme stated that the products had been pre-sold to major corporations.

The trial continues.