Sydney mortgage broker Mr Adrian Camilleri has been charged with managing a corporation while being banned from doing so, the corporate watchdog says.
Adrian Camilleri was charged with five counts of managing a company while disqualified, the Australian Securities and Investments Commission [ASIC] said today. It said the charges against Mr Camilleri, from Westmead in Sydney's northwest, related to five companies, includingExpress Loans and Finance Pty Limited.
Express Loans and Finance was a mortgage broking business, while the other companies were used to purchase investment properties.
Between February 2003 and July 2003, Mr Camilleri made decisions that affected a substantial part of the businesses connected to the five companies, ASIC alleged.
At the time Mr Camilleri was an undischarged bankrupt and was, therefore, disqualified from managing companies, it said.
The charges follow an ASIC investigation. The matter will next be heard in Downing Centre Local Court on June 20.
