News

Fraud charges laid against Capital + Merchant directors

Wednesday 13th of July 2011

The charges relate to transactions involving just over $28 million that occurred between 2004 and 2006.

The SFO alleges that these transactions were entered into in breach of the restrictions contained in the company's trust deed, and resulted in trusts controlled by the accused receiving benefits totalling approximately $15.9 million. 

The three accused are Neal Medhurst Nic...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.