David Mark Anderson was the chief financial officer of and company secretary of Octaviar Limited, formerly known as MFS Limited, a publicly listed company with interests in financial services on the Gold Coast.
The group collapsed in 2008 owing $2.5 billion but Mr Anderson’s charges were related to his time at OIH3, a subsidiary of the group.
ASIC alleged that between June 2012 and September 2015, Mr Anderson while director of Octaviar Investment Holdings No 3 (OIH3) dishonestly applied $4,611,571.86 of the company’s money for his own use.
At the time Mr Anderson was the sole director of the holdings group with the charges brought against him following an ASIC investigation into his conduct.
Mr Anderson has been released on bail and the matter is adjourned until September this year.
