LAWFUEL – The Law Newswire – Mr Roger Thomas May, of Macedon, and h…

LAWFUEL – The Law Newswire – Mr Roger Thomas May, of Macedon, and his son Mr Jason Roger May, of Port Melbourne, Victoria, yesterday pleaded guilty in the Victorian County Court on one charge each brought by the Australian Securities and Investments Commission (ASIC).

Mr Roger May, 61, and Mr Jason May, 35, pleaded guilty to dishonestly using their positions as directors of Australon Enterprises Pty Ltd (Australon Enterprises).

The charges relate to both men creating a false document which enabled them to transfer 60 million shares in a listed company, Intermoco Limited to Global Investment Funds Pty Ltd (Global Investments). The shares were held by Australon Enterprises. At the time of the share transfer, Global Investments was a company controlled by
Mr Roger May.

The matter was adjourned to Friday 3 August 2007 for a plea hearing and sentencing in the County Court.

The Commonwealth Director of Public Prosecutions is prosecuting the matter.

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