Company Director Accused of Multi-Million Dollar Fraud
A former director of cruise ship company Cruise & Maritime Voyages has been charged with multiple fraud offences arising from allegations she transferred a total of $2.4 million from a company bank account into her personal accounts without authorisation. 62-year...
Former NAB Executive Charged with Fraud
Former National Australia Bank executive Rosemary Rogers has been arrested and charged for her alleged role in an alleged $40 million dollar fraud against the brank. The charges Ms Rogers, the former chief of staff to ex-NAB CEO Andrew Thorburn...
The Law on Making False Complaints to Police in New South Wales
It is criminal offence in New South Wales to make false accusations with the intention of having them investigated by police. The offences against false reports are contained in the Crimes Act 1900 (NSW). Section 547B of the Act is...
Woman Charged for Paying Bribes to NAB Executive
Police are working their way through materials which, they suspect, may implicate former NAB Chief Executive Andrew Thorburn’s Chief of Staff, Rosemary Rogers, in a scheme involving millions of dollars in fraudulent payments to the owner of a service company....
The Offence of Fraud in New South Wales
A 43-year old tour operator from Illawarra has been sentenced in Downing Centre Local Court after pleading guilty to five counts of fraud under section 192E of the Crimes Act 1900 (NSW). Tony Petrovski admitted making 82 unauthorised transactions totalling...
The Panama Papers: A Lesson in Tax Avoidance
An Oxfam report released on 20 January revealed that last year 26 billionaires owned the same amount of wealth as the poorest 3.8 billion people around the globe. This was down from 43 individuals the year before. And this extreme wealth...
Government Breaks Promise to Crackdown on Tax Avoidance by Multi-Nationals
The federal government has broken a promise to establish a public register of overseas shell companies owned by companies operating in Australia. The proposal was intended to assist in the detection and prosecution of illegal activities such as tax evasion...
Royal Commission Denounces Top NAB Executives
Right before the Conclusion of Volume 1 of his recently released final report, sole banking royal commissioner Kenneth Hayne QC took special aim at the National Australia Bank and specifically made scathing comments about its chief executive Andrew Thorburn and...
Banking Executives Expected to Face Criminal Charges
Australia may soon join Iceland, the only other country in the world to gaol top banking executives for misconduct. In delivering a scathing final report of the findings of the Royal Commission’s hearings into the finance industry, Commissioner Kenneth Hayne...
Watchdogs Under Fire for Accepting Gifts
The Australian Investment and Securities Commission (ASIC) and Australian Competition and Consumer Commission (ACCC) are under fire for failing to declare gifts from the businesses they’re supposed to be regulating. ASIC is an Australian government body that is empowered to...
