Tuesday 3 October 2006 LAWFUEL – Australia Law News – Mr Stephen Craig Jenvey, of Mooroolbark, Victoria, was today committed for trial by the Melbourne Magistrates Court following an investigation by the Australian Securities and Investments Commission (ASIC).
Mr Jenvey stands charged with 24 counts of theft and three counts of corruptly receiving a valuable consideration from Mr Cedric Asitha Anthony after ASIC received notification from the ANZ Bank about a number of unauthorised and undocumented loans made to South Yarra clothing company, Austasia Clothing Pty Ltd between June 2004 and March 2005. At the time of the loans, Mr Anthony was an ANZ customer and a director of Austasia Clothing.
ASIC alleges Mr Jenvey, a former bank officer with the ANZ Bank, misappropriated in excess of A$9.3 million and US$3.9 million for the benefit of Mr Anthony and or Austasia Clothing. ASIC further alleges that Mr Jenvey corruptly received money and other valuable considerations from Mr Anthony on three occasions. Mr Jenvey was conditionally bailed to appear before the County Court on 23 November 2006.
The case against Mr Anthony, who stands charged with 24 counts of theft and three counts of corruptly giving a valuable consideration to Mr Jenvey, will also be heard in the County Court on 23 November 2006. The Commonwealth Director of Public Prosecutions is prosecuting the matter. Background In the context of law, ‘valuable consideration’ means some trade-off. It can be money, materials, or performance quantifiable in money’s worth. For further information contact: Allen Turton Deputy Executive Director, Enforcement Telephone: 02 9911 2338 Mobile: 0411 549 236 Danielle Huck ASIC Media Unit Telephone: 03 9280 3407 Mobile: 0417 540 769