VIEW ARCHIVES (18658 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.

»Estimate (IRE) headlines international Melbourne Cup nominations

»Racing Victoria and the Victoria Racing Club announce prizemoney boost for staying races

»Waterhouse lines up another spring Cup contender

»Tuesday and Wednesday form

»Lanken Rupee set to resume at Moonee Valley

»Schofied starts spring with Solicit

»Emirates Stakes aim for Beauty‚Äôs Beast (NZ)

»Latest market for the Caulfield Cup and Cox Plate

»Caulfield replays - the last 400m of each race from Memsie Stakes Day

»Dominant Dissident ready for big spring

»Chivalry all class in McNeil

»Classy Gregers wins WW Cockram


©Copyright 2006 - 2014 Thoroughbred News.
All rights reserved
Development and Design by Web Element