SINGAPORE - City Harvest Church has decided to write off a $26.5 million debt owed by its former fund manager Chew Eng Han and his investment firm AMAC Capital Partners.

The church in 2014 sued Chew and AMAC for investments that were not returned to the church but decided to stop all efforts to recover the money and give up all rights to the sum after it called for an extraordinary general meeting on July 23 this year.