On 4 December 2020, Former Legacy Iron Ore Limited (Legacy) Managing Director, Sharon Kia Le Heng and former Legacy accountant, Karen Kwan appeared in the Perth Magistrates Court each charged on 13 counts of stealing, following an ASIC investigation.

ASIC alleges that between June 2012 and November 2013, Ms Heng and Ms Kwan stole approximately $725,000 from Legacy, which is an ASX-listed company.

ASIC alleges that Ms Heng and Ms Kwan made 13 electronic funds transfers from Legacy’s bank account to the bank account of Regency Infrastructure Pty Ltd, a company controlled by Ms Heng, in circumstances where there was no legitimate basis for these payments. 

The matter was adjourned to 26 March 2021. Ms Heng and Ms Kwan were each granted bail, with conditions including that they do not travel overseas and surrender all passports to the Court.

The charges fall under Criminal Code 1914 (WA). The matter is being prosecuted by the Commonwealth Director of Public Prosecutions after a referral from ASIC.

Editor's note: 

On 26 March 2021, the matter was adjourned to 23 April 2021, with bail conditions maintained.

Editor's note 2:

The matters of Ms Kwan and Ms Heng were before the Perth Magistrates' Court for mention on 23 April 2021. Both matters have been adjourned to 18 June 2021.

Editor's note 3:

The mention of the matters of Ms Kawn and Ms Heng did not proceed on 18 June 2021 and have been adjourned to 2 July 2021 for mention before the Perth Magistrates Court.

Editor's note 4:

The matters of Ms Heng and Ms Kwan are next listed on 30 July 2021 before the Perth Magistrates' Court.

Editor's note 5:

Both matters have been adjourned. Ms Heng is to reappear on 13 August 2021 for committal mention and Ms Kwan is to reappear on 27 August 2021 for mention.

Editor's note 6:

Ms Heng was before Magistrate Shackleton on 13 August 2021. Ms Kwan was before Magistrate Webb on 27 August 2021. Both matters have been adjourned to 5 November 2021 for committal mention.

Editor's note 7:

The matters of Ms Heng and Ms Kwan have been adjourned to 3 December 2021.

Editor's note 8:

The matters of Ms Heng and Ms Kwan have been adjourned to 11 February 2022.

Editor's note 9:

The matters were adjourned to 22 April 2022 at the Perth Magistrates Court at 9:30am.

Editor's note 10:

On 22 April 2022, the matters were adjourned to 1 July 2022 for committal mention.

Editor's note 11:

On 21 June 2022, the matters were adjourned from 1 July 2022 to 29 July 2022  for committal mention.

Editor's note 12:

Ms Kwan's matter has been adjourned to 26 August 2022 at the Perth Magistrates Court. 

Ms Heng pleaded guilty on 29 July 2022 (22-207MR). A sentence mention will occur in the District Court on 23 September 2022. 

Editor's note 13:

Ms Kwan's matter has been adjourned to 30 September 2022 at the Perth Magistrates' Court for committal mention. 

Editor's note 14:

On 19 September 2022, Ms Kwan’s committal mention was adjourned until 28 October 2022. 

Editor's note 15:

On 23 September, Ms Heng’s matter was adjourned to 9 February 2023 for sentencing.