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Former Chartwell secretary pleads guilty

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The former company secretary of Chartwell Enterprises, Ian Rau, has pleaded guilty in the Victorian Supreme Court to eight charges brought by the Australian Securities and Investments Commission.

Rau pleaded guilty to the following offences:

• Carrying on a financial services business without a financial services licence (one count);
• Engaging in dishonest conduct in relation to carrying on a financial services business (four counts);
• Making a false document (one count);
• Using a false document (one count);
• Obtaining property by deception amounting to AUD40,000 (one count).

The charges follow an investigation by ASIC into Chartwell Enterprises which collapsed in April 2008 with investors owed in excess of AUD60m.

Rau has been bailed to appear at the Victorian Supreme Court on 23 June 2010 for a plea hearing.

Rau’s co accused, Graeme Hoy, also appeared in the Victorian Supreme Court. Hoy’s legal representative indicated to the court that his client would plead not guilty and a trial date was set to hear the charges against him on the 31 January 2011 in the Supreme Court sitting in Geelong.

In the interim, Hoy was bailed to appear next for a mention hearing in the Supreme Court at Melbourne on 23 April 2010.

The matter is being prosecuted by the Commonwealth Director of Public Prosecutions.

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