25. August 2010 18:55
Mr Kovelan Bangaru, a former director of Streetwise, has been found guilty today of 13 charges of fraud in the NSW District Court.
The charges under the NSW Crimes Act related to obtaining a financial advantage by making a false statement with reckless disregard as to whether it was false or misleading in a material particular, and obtaining a financial advantage by deception.
Mr Bangaru has been remanded in custody until a sentencing hearing on 12 November 2010.
Further details are available on the official ASIC site.