Former CFO charged with fraud

 — 1 minute read

The former chief financial officer of Octaviar Limited has been charged with twenty-six counts of fraud under the Queensland criminal code. 

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. 



Former CFO charged with fraud
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Eliot Hastie

Eliot Hastie

Eliot Hastie is a journalist at Momentum Media, writing primarily for its wealth and financial services platforms. 

Eliot joined the team in 2018 having previously written on Real Estate Business with Momentum Media as well.

Eliot graduated from the University of Westminster, UK with a Bachelor of Arts (Journalism).

You can email him on: [email protected]


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