Mr Kevin Pollock, director of Perth-based property developers, the Pollock Group, has been sentenced in the Supreme Court in Perth to five years and four months imprisonment following an investigation by the Australian Securities and Investments Commission (ASIC).

Mr Pollock, of East Perth, was sentenced on 18 March 2010 and will serve a minimum non-parole period of three years and four months.

Mr Pollock was convicted on nine charges of breaching section 409 of the Western Australia Criminal Code in relation to fraud involving over $3 million.

The convictions relate to a revolving line of credit facility arrangement for $4.2 million dollars of hire purchase financing for heavy earthmoving equipment obtained from the National Australia Bank for a number of the Pollock Group companies.

The matter was prosecuted by the Commonwealth Director of Public Prosecutions.

Background

Mr Pollock, appealed against a previous conviction for the same charges. This appeal was upheld by the Western Australia Supreme Court of Appeal on 3 June 2009.

Editor's note:

Mr Pollock's sentence has been published today following the lifting of a suppression order by Justice Heenan which had previously prohibited publication of the decision.