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Streetwise director found guilty on 13 charges

by Hilary Kincaid 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.






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