LAWFUEL – Australia Business News – Law Jobs – Mr Adrian Camilleri, a Sydney finance broker, has pleaded guilty to five charges of managing a corporation while disqualified following an investigation by the Australian Securities and Investments Commission (ASIC).
The matter was heard in the Downing Centre Local Court in Sydney yesterday.
The charges relate to Express Loans and Finance Pty Limited, Abe Enterprise Service Pty Limited, J.A.P. Camilleri Pty Limited, and Rosecam Pty Limited which are in liquidation and owe creditors $18million. Vaucam Pty Limited is also the subject of a charge.
ASIC alleges that between February 2003 and July 2003, Mr Camilleri made decisions that affected a substantial part of the business of the five companies.
During that time, Mr Camilleri was an undischarged bankrupt and therefore disqualified from managing corporations.
Mr Camilleri will be sentenced on 20 April 2007.
The Commonwealth Director of Public Prosecutions is prosecuting this matter.
For further information contact:
Deputy Executive Director, Enforcement
Telephone: 02 9911 2338
Mobile: 0411 549 236
ASIC Media Unit
Telephone: 03 9280 3407
Mobile: 0417 540 769