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Tuesday 4 June 2019

19-126MR ASIC charges David Anderson with fraud on Octaviar subsidiary company

Former Chief Financial Officer of Octaviar Limited, Mr David Mark Anderson, of the Gold Coast, Queensland, appeared in Southport Magistrates Court charged with twenty-six counts of fraud under the Criminal Code (Queensland).

ASIC alleges that between 18 June 2012 and 21 September 2015, Mr Anderson, while a director of Octaviar Investment Holdings No 3 Pty Ltd (OIH3), dishonestly applied $4,611,571.86 of OIH3 money for his own use.

At the time of the alleged conduct, Mr Anderson was the sole director of OIH3.

The charges were brought against Mr Anderson following an ASIC investigation into his conduct as the director of OIH3 and other companies in the Octaviar Group.

Mr Anderson was released on bail on condition and the matter adjourned to 2 September 2019 before the Southport Magistrates court for further mention.

The Commonwealth Director of Public Prosecutions is prosecuting the matter.

Background

David Mark Anderson was the CFO and Company Secretary of Octaviar Limited (in liquidation) (formerly known as MFS Limited).

Octaviar Ltd was a publicly listed company with interests in financial services, travel and leisure and childcare businesses, based on the Gold Coast.

The Octaviar Group collapsed in 2008 owing $2.5 billion. OIH3 was a subsidiary in the Octaviar Group.

Editor's note:

On 2 September 2019, at a mention at the Southport Magistrates Court, the charges against Mr Anderson were amended to include a further charge of fraud under the Criminal Code (Queensland) (Code). Mr Anderson is now charged with twenty-seven counts of fraud under the Code. The alleged total amount of the fraud is now $4,860,539.86.

The next court date is 4 November 2019.

Editor's note 2: 

On 4 November 2019, the matter was adjourned to 17 February 2020 for mention.

Editor's note 3: 

On 17 February 2020, the matter was adjourned for further mention on 16 March 2020 in the Southport Magistrates Court.

Editor's note 4:

On 16 March 2020, the matter was adjourned for further mention on 18 May 2020 in the Southport Magistrates Court.

Editor's note 5:

On 18 May 2020, the matter was adjourned for further mention on 20 July 2020 in the Southport Magistrates Court.

Editor's note 6:

On 20 July 2020, the matter was adjourned for further mention on 19 October 2020 in the Southport Magistrates Court.

Editor's note 7:

On 19 October 2020, the matter was adjourned for further mention on 2 November 2020 in the Southport Magistrates Court.

 

 

Last updated: 04/06/2019 12:00