Brighton local Vaughan Garfield Bowen appeared via his legal representative on Tuesday in relation to the disposal of 5,617,554 shares in telecommunications company Vocus on 4 June 2019.
ASIC has alleged that Mr Bowen was “in possession of inside information concerning the likely withdrawal of a proposal by EQT Infrastructure IV Fund to acquire all shares in Vocus, prior to this information being announced to the market”.
Each charge carries a maximum penalty of 15 years’ imprisonment.
A committal mention hearing will go ahead on 7 December 2021 in the Magistrates’ Court of Victoria.
