Questions have been raised over the legitimacy of three Shaolin Temple Foundation cheques given to Shoalhaven City Council for the land at Comberton Grange.
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Cr Andrew Guile raised his concerns during Tuesday night's council meeting, during which he was threatened with expulsion for "insulting" Shoalhaven Mayor Joanna Gash.
Cr Guile told the Farifax on Wednesday the cheques were highly irregular.
“First, a mortgage is usually paid for with a single bank cheque. What Patrick Pang delivered to Mayor Jo Gash last Friday were three personal cheques, two for $1 million dollars and one for over $3 million.
“Second, it is standard practice that cheques for a large sum of money need to be counter-signed.
“And third, all three cheques were post-dated.”
An angry argument arose in council when Cr Guile raised the issue and was accused of insulting the mayor.
“I tried to apologise when asked, but was repeatedly rebuffed.”
Cr Guile said Cr Gash was wrong when she said payment had been received for Comberton Grange.
“In fact, last Friday no money was received for the mortgage.
“The first and second cheques, both for $1 million, can only be banked on January 28 and January 29.”
Shaolin Temple Foundation representative Patrick Pang insisted he was allowed to sign the cheques by himself.
“The money is good. It came in by dribs and drabs from China, but now it is all there.
“There will be no problem with the cheques,” Mr Pang said.
Shoalhaven City Council director of Corporate and Community, Craig Milburn, said the first cheque had been deposited into the Council’s NAB account on Wednesday morning.
“I stood in the deposit line with all the other people holding cheques, although mine probably had a few more zeros than theirs.”
Mr Milburn said he expected the cheque would be cleared by early next week.
Cr Gash declined to comment.