Posts Tagged ‘Raising Finance Illegally’

Raising Finance Illegally – Debentures

Author: Michael Adendorff

Thursday, August 21st, 2008

In April 2008, the former directors of International Finance Corporation Pty Ltd (in liquidation) (IFC) were found guilty on several charges following investigation by the Australian Securities and Investments Commission (ASIC).
The directors were charged with having aided IFC issuing debentures to investors in breach of the Corporations Act.
The charges related to 22 debentures offered and [...]


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