Australia, Industry News

Pollock group director sentenced

The convictions relate to a revolving line of credit facility arrangement for $4.2 million dollars of hire purchase financing for heavy earthmoving equipment obtained from the National Australia Bank for a number of the Pollock Group companies. A jury unanimously found the East Perth businessman guilty on nine charges following a three-week trial and an ASIC investigation into a number of companies associated with Pollock and his son, Jamie Pollock. Kevin Pollock faced fraud charges totalling more than $3 million laid by ASIC. He was also fined $60,000.Jamie Pollock was found not guilty on 11 fraud charges. The jury was unable to reach a verdict in relation to a further three charges.

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