VIEW ARCHIVES (24339 articles)

<< Back
Former NSW stud accountant accused of multi-million dollar fraud
22 Jul 2011 | ThoroughbredNEWS News Desk 

A former finance director of the Emirates Park Stud breeding and racing business at Murrurundi, NSW, has appeared in Tamworth court accused of stealing more than $14 million reports

According to a report in the Northern Daily Leader, Rajesh Chimanlal Upadhyaya, 51, was arrested by detectives at his Tamworth home earlier this week and charged with 10 fraud-related offences.

Upadhyaya is accused of submitting false invoices amounting to in excess of $14 million when working as the finance director at Emirates Park, situated along the New England Highway between Blandford and Murrurundi in the Hunter Valley. The invoices relate to transactions occurring between 2006 and 2010.

The complex is owned by the director general of Dubai Municipality, His Excellency Nasser Lootah.

Police said Upadhyaya had been under investigation since January and was charged with five counts of director cheat or defraud and five counts of dishonestly obtaining financial advantage by deception.

He was granted bail in Tamworth Local Court on Wednesday afternoon.

»Winx to spell for a 2017 Sydney Autumn Carnival campaign

»Timeform Review – 2016 Cox Plate

»Howard takes top weight in Bendigo Cup

»Oliver appeal to downgrade reckless riding charge dismissed - updated

»Hartnell (GB) confirmed for the Melbourne Cup

»Early markets for Moonee Valley features

»26 nominations for the Coolmore Stud Stakes

»Field of 32 remain in Emirates Melbourne Cup contention

»No weight penalty for Grand Marshal (GB) for Cup after Valley victory

»Victorian Spring Carnival weather watch

»Monday and Tuesday form

»Stakes winner for Ben Thompson

»Reflections on Cox Plate Day

»Vase a Sacred Elixir for Pike and Lane

»Waller eyes Cup with Grand Marshal after Gold Cup win

»Raceday wagering review

»Historic win for Winx in the Cox Plate

»Good win for The United States (IRE)

»Sweet Sherry and Archives with deserved Valley wins

»McEvoy and Azazel open The Valley


©Copyright 2006 - 2016 Thoroughbred News.
All rights reserved
Development and Design by Web Element