ASIC media releases are point-in-time statements. Please note the date of issue and use the internal search function on the site to check for other media releases on the same or related matters.

Monday 3 May 2021

21-092MR Further dishonesty charges laid against WA financial adviser

On 23 April 2021, Mr Rahul Goel, of Success, Western Australia, appeared before the Perth Magistrates Court charged with a further 12 counts of dishonest conduct and three counts of false certification of documents that occurred between November 2018 and July 2019.

These charges are in addition to the four counts of dishonest conduct laid by ASIC in September 2020 (20-231MR).

ASIC alleges Mr Goel contravened the Corporations Act by engaging in dishonest conduct while carrying on a financial services business via his company AR Wealth and Finance Pty Ltd. If convicted, each offence carries the following penalties:

  • for each count of dishonest conduct, a maximum penalty of either 10 or 15 years imprisonment;
  • for each count of false certification of documents, a maximum penalty of 7 years imprisonment.

The matter is being prosecuted by the Commonwealth Director of Public Prosecutions following an investigation and brief from ASIC and has been adjourned to 18 June 2021 for further mention.

Background

On 1 October 2020, Mr Goel first appeared before the Perth Magistrates Court charged with four counts of dishonest conduct (20-231MR).

Last updated: 03/05/2021 10:44