Mr Oussama Taleb, of Craigieburn, Victoria, has pleaded guilty to fraudulently removing and redirecting assets belonging to Marcel Plastering Group Pty Ltd, ACN 611 332 891 (Marcel Plastering) (in liquidation).
Mr Taleb, a shadow director of Marcel Plastering, operated a plastering business.
After an investigation, ASIC formed the view that Mr Taleb, in his capacity as shadow director, engaged in conduct that resulted in the redirection of company funds to both his then partner’s personal account and to a related company, Marcel Group Pty Ltd ACN 617260367 (Marcel Group) (deregistered), for the combined amount of $43,000, after liquidators were appointed.
Marcel Plastering was placed in liquidation on 22 February 2017.
ASIC was alerted to Mr Taleb’s conduct following receipt of a report lodged by the Liquidator, Simon Nelson of BPS Reconstruction and Recovery.
At the time of the liquidation, Marcel Plastering owed creditors approximately $628,501.
Mr Taleb appeared in Court on 19 August 2019 and entered a guilty plea. The matter was adjourned for sentencing on 12 December 2019.
The matter is being prosecuted by the Commonwealth Director of Public Prosecutions.
Originally published by ASIC