NSW company directors charged by ASIC

Fraudulent, Abuse
Content of Penalty:

Allan Raad of Wentworthville, NSW and his brother-in-law Yousef Joseph Bazouni of Sandringham, NSW, have appeared in the Downing Centre Local Court on charges of breaching their director duties and fraudulently removing company assets. 

ASIC alleges that Mr Raad dishonestly used his position as a director of Cornish Property Services Pty Ltd (the Company) with the intention of indirectly gaining an advantage for himself and that he fraudulently removed property belonging to the Company. It is also alleged that Mr Bazouni aided Mr Raad in these alleged offences. 

Date: 24/10/2017
Link: http://asic.gov.au/about-asic/media-centre/find-a-media-release/2017-releases/17-355mr-nsw-company-directors-charged-by-asic/

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