August 24, 2018 BY Valentina Kirilova

Two former company directors fined for engaging in illegal phoenix activity

Allan Raad of Wentworthville, NSW and his brother-in-law Yousef Joseph Bazouni of Sandringham, NSW, have been convicted and sentenced in the Downing Centre District Court after pleading guilty to ASIC charges concerning a breach of director’s duties and the fraudulent removal of company assets. Mr Raad pleaded guilty to using his position dishonestly to gain…

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