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ANZ, regulator settle on suspected frauds affecting Esanda customers – 18 January 2018
ANZ has reached a settlement with Australia’s corporate regulator over suspected third party fraud, and has agreed to pay a $5 million fine. The fraud allegedly occurred when car finance brokers submitted loan applications to Esanda on behalf of customers between 2013-2105.
Rio Tinto says SEC fraud case should be dismissed – 17 January 2018
A lawyer for Rio Tinto has argued that the lawsuit against the mining company for overstating the value of Mozambique coal assets in 2011 should be dismissed, claiming the Securities and Exchange Commission failed to plead that the company intentionally committed the fraud.
Sydney nightspots caught up in Plutus tax scam – 15 January 2018
Popular nightclubs and restaurants in Sydney have been identified as users of Plutus Payroll, the company at the forefront of one of Australia’s largest tax frauds. Many payments made to the group have not been sufficiently documented to confirm they were for wages, leading to investigations into several restaurant and hospitality groups.
Former hotel licensee admits guilt in fire fraud scheme – 15 January 2018
WA resident Graeme Roderick Cooper has pleaded guilty to charges of attempting to gain benefit from fraud, criminal damage by fire and creating false belief. The charges follow the arson of the Premier Hotel, and a ploy to stage a robbery in order to claim insurance benefits.
