Former liquidator arrested on ASIC charges
Former liquidator Stuart Ariff has appeared in court following his arrest on 19 charges brought by the Australian Securities and Investments Commission (ASIC).
Ariff has been charged with 13 counts concerning his transfer of funds totalling $1.18 million with intent to defraud HR Cook Investments between June 2006 and March 2009.
He also allegedly made false statements in documents lodged with ASIC recording receipts and payments relating to HR Cook Investments.
Ariff’s alleged actions are in breach of the NSW Crimes Act and the Corporations Act 2001, which could result in a prolonged jail sentence and a $22,000 fine.
The matter is being prosecuted by the Commonwealth Director of Public Prosecutions, and the defendant has been released on bail.
HR Cook Investments remains in liquidation.
AUTHOR
Milana Pokrajac
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