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Former Victorian director charged with breaching directors’ duties
Rachel Edwards of Werribee, Victoria, has appeared in the Melbourne Magistrates’ Court charged with four counts of breaching her directors’ duties.
Ms Edwards was the former sole director of employment agency Westpower Victoria Pty Ltd ACN 135 293 873 (In Liquidation) (Westpower).
ASIC alleges that between 15 January 2010 and 23 September 2011, Ms Edwards made 175 withdrawals totalling $619,897.71 from a bank account of Westpower and deposited the funds into a personal account.
When Westpower went into liquidation on 5 January 2012, the company had debts totalling more than $930,000 owed to the Australian Taxation Office, State Revenue Office Victoria and CGU Insurance.
Appster creditors want âjusticeâ after report finds âvery concerningâ conduct
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Directors of collapsed tech darling Appster have been accused of funnelling millions of dollars offshore and breaching directors duties, prompting the federal government to bankroll legal action against the former Melbourne rich listers.
An investigation by
The Age and
Sydney Morning Herald in 2018 revealed small business owners paid large sums of money to Appster to build new mobile apps in the weeks and days before the company went into liquidation.
Soon after, liquidators BK and Taylor started probing âred flagsâ around the technology startupâs demise and more than two years later, its final report has now been delivered to creditors.
Appster creditors want justice after report finds very concerning conduct smh.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from smh.com.au Daily Mail and Mail on Sunday newspapers.