On Mar. 4, AST ASIC charged executives for violating Corporations act.
AST ASIC charged 3 former executives of Irexchange for breaching Corporations act.
Charges
Former CEO Brett Charlton and former CFO Brett Coventry were each charged with one count of providing false or misleading information to ASIC under section 1308(2).
Former company secretary, legal advisor Anand Sundaraj faced multiple charges, including 2 counts of providing false or misleading information to shareholders and the ASX, one count of making a false or misleading statement to AST ASIC.
One count of aiding and abetting the offences committed by Charlton and Coventry.
Allegation
The charges stem from alleged misconduct between Jul. 20, 2018 and Feb. 14, 2019.
Involving an agreement concerning the shares of IRX’s founders and misleading information about the nature of IRX’s business in a prospectus lodged with AST ASIC.
Next Court Appearance
Next court appearance for Sundaraj, Charlton, Coventry is scheduled for Apr. 29, 2025.
