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Monday 24 November 2014

14-311MR Sydney businessman Andrew Sigalla to stand trial

Sydney businessman, Andrew Sigalla, today was ordered to stand trial on allegations he breached his duties as a director.

Mr Sigalla was charged in May 2013 with 16 counts, and in November 2013 with an additional 8 counts, of dishonestly using his position as a director by making more than $8.7 million in payments to himself to pay off gambling debts and to make loan repayments on behalf of private companies he controlled.

ASIC alleges Mr Sigalla made 24 payments totalling $8,719,318 from bank accounts of TZ Limited between 8 December 2006 and 2 March 2009, for his own benefit and/or the benefit of private companies he controlled. It is alleged that most of the money was used to pay off Mr Sigalla’s gambling debts to his bookmaker, Tom Waterhouse, and the remainder was used to meet mortgage payments on behalf of one of his personal companies (refer: 13-108MR).

Mr Sigalla has not yet entered a plea to the charges.

Following a committal hearing in Sydney Downing Centre Local Court, Mr Sigalla has been ordered to stand trial.

The matter will next be mentioned in the Local Court on 18 December 2014, at which time it will be known whether Mr Sigalla will be tried in the District Court or the Supreme Court.

The Commonwealth Director of Public Prosecutions is prosecuting the matter.

Background

Mr Sigalla has been charged with 24 offences against section 184(2)(a) of the Corporations Act 2001. The maximum penalty for each offence is five years imprisonment and/or a $220,000 fine.

Editor's note 1:

On 18 December 2014, Mr Sigalla was committed for trial in the Supreme Court. The matter was adjourned to 6 February 2015 for his arraignment.

Editor's note 2:

On 6 February the matter was stood over until 1 April 2015 for Mr Sigalla's arraignment.

Editor's note 3:

On 1 April 2015, the matter was stood over until 8 May 2015 for Mr Sigalla's arraignment.

Editor's note 4:

On 8 May 2015, Mr Sigalla was arraigned in the Supreme Court of NSW and pleaded not guilty to all 24 charges. A trial date of 1 February 2016 was set and the matter will next be in Court on 11 September 2015 for mention. Mr Sigalla's bail is continued.

Editor's note 5:

On 11 September 2015, the matter was before the Court for mention. The trial date of 1 February 2016 was confirmed and the matter is listed for mention again on 2 October 2015. Mr Sigalla's bail is continued.

Editor's note 6:

On 2 October 2015, the matter was before the Court for mention and was listed for further mention on 6 November 2015. Mr Sigalla's bail is continued. 

Editor's note 7:

On 6 November 2015, the matter was before the Court for mention. On application by Mr Sigalla, the original trial date of 1 February 2016 was vacated and a new trial date of 30 May 2016 was fixed. The matter will next be before the Court on 4 December 2015 for further mention. Mr Sigalla's bail is continued.

Editor's note 8:

On 4 December 2015, the matter was before the Court for mention. The trial date of 30 May 2016 was confirmed and the matter was stood over for further mention on 12 February 2016. Mr Sigalla's bail is continued.

Editor's note 9:

On 12 February 2016, the matter was before the Court for mention. The matter will next be before the Court on 19 February 2016 for further mention. Mr Sigalla's bail is continued.

Editor's note 10:

On 19 February 2016, the matter was in Court for mention before the trial judge. The matter will next be in Court on 8 April 2016 for further mention and directions. Mr Sigalla's bail is continued.

Editor's note 11:

On 8 April 2016, the matter was before the Court for mention. The matter is next before the Court on 6 May 2016 for further mention and directions. Mr Sigalla's bail is continued.

Editor's note 12:

On 6 May 2016, the matter was before the Court for mention and directions. The matter will next be before the Court on 31 May 2016. Mr Sigalla's bail is continued.

Editor's note 13:

On 31 May 2016, the matter was before the Court for mention. The trial date was adjourned until 20 June 2016. Mr Sigalla's bail is continued.

Editor's note 14:

On 20 June 2016, the matter was before the Court and was adjourned until 23 June 2016 for mention and directions. Mr Sigalla's bail is continued.

Editor's Note 15:

On 23 June 2016, the matter was before the Court for mention and directions. The matter was stood over to 1 July 2016 for further mention and directions. Mr Sigalla's bail is continued.

Editor's Note 16:

On 1 July 2016, the matter was before the Court for mention. A new trial date of 17 October 2016 was set. Mr Sigalla's bail is continued.

Last updated: 19/02/2016 12:00