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Showing 241 - 250 of 254 results for "Bankrupt"

ASIC takes action against company directors

... The regulator says many investors have yet to receive their loans. ASIC says Mr Sharland is currently an undischarged bankrupt, and also alleges Mr Sharland breached an earlier enforceable undertaking to refrain from operating such schemes. Meanwhile ...

Two Victorian accountants face fraud charges: ASIC

Two former Victorian accountants of Corrpro Companies Australia Pty Ltd have appeared in the Melbourne Magistrate Court in relation to fraud charges following an investigation by the Australian Securities and Investments Commission (ASIC). Craig Leigh ...

FOGI director charged with 21 criminal offences

... orders freezing the assets of Mr Walker and the co-director of FOGI, Robert Johnstone. Mr Walker and Mr Johnstone are now bankrupt and the interim orders have been lifted. In April Mr Johnstone pleaded guilty to 22 charges brought by ASIC in the Downing ...

Two disqualified directors sentenced following ASIC probe

... residential address, and to pay a pecuniary penalty of $3,000 as well as Court costs. As a result of becoming an undischarged bankrupt in September 2000, Mr Novak was automatically disqualified under the Corporations Act from managing corporations. However ...

ASIC investigation yields yet another accused director

... was ordered by the NSW Supreme Court to pay $17.4 million in damages to KSE. On 30 July 2002, Mr Suleman was declared bankrupt. ASIC's investigation is continuing.

Former WA directors banned by ASIC

The Australian Securities and Investments Commission (ASIC) has banned Alwyn Robert Healy and Richard Douglas Wheeler, of Wanneroo WA, from managing any company for five years. Messrs Healy and Wheeler were both directors of the failed companies Healy ...

Former NTI managing director sentenced to 18 months imprisonment

... relation to 13 charges brought by the Australian Securities and Investments Commission (ASIC). Mr Smith, an undischarged bankrupt from the Gold Coast Queensland, was sentenced to a total of 18 months imprisonment. Judge Hall ordered that the sentence ...

Senator Sherry highlights the need for action on the back of poor super stats

The Shadow Minister for Retirement Incomes and Savings, Senator Nick Sherry, has said that poor returns, high taxes and corporate collapses are hurting superannuation fund members, citing new figures highlighting a continued decline in member contributions. ...

Director sentenced, adviser banned

... investigation found that Mr Anthony participated in the management of AIF and related companies while he was an undischarged bankrupt, in contravention of the law. Additionally, ASIC found that Mr Anthony caused AIF to offer shares in AIF to investors ...

Worrying increase in Australian household debt: ALP

Alan Griffin, the shadow minister for consumer protection and health, has said that bankruptcy statistics released by Insolvency and Trustee Services Australia (ITSA) showed that while bankruptcies are down slightly, there has been a worrying leap in ...