Monday, June 17, 2013

Christian Church Leaders In Ireland Held In Contempt In Church's Financial Woes

The press in Ireland reports on the financial woes of Victory Christian Fellowship, a church which, according to the Sunday World, took 10% of its followers' income by preaching "the more money you give the more blessings you get." As reported yesterday by The Independent, the church lost its tax exempt status for engaging in excessive commercial activity.  This in turn led the Bank of Scotland to call in unpaid loans of 18 million Euros. When the bank sent in receivers to take possession of the church's three prime properties, they were blocked by church staff and congregation members. Friday's Kildare Nationalist reports that this led the court to hold three trustees of the church in contempt. To avoid jail, the trustees agreed to facilitate a peaceful handover of the church's three Dublin properties to the bank's receivers last Friday afternoon.