VIEW ARCHIVES (18640 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.

»Thursday, Friday and weekend form

»Early market for the Memsie Stakes

»Stellar field to contest NZB Memsie Stakes

»History Says – Memsie Stakes

»Jet Away retired

»Victorian trainer fined $1,000 for breaching misconduct rules

»Latest market for the Caulfield Cup

»Williams on Sertorius in Memsie

»Lanken Rupee in the fog but wins as he pleases in Caulfield jumpout

»Victorian RAD Board dismisses appeals

»RV stewards' report on inadvertent treatment of Latin Salsa

»Additional stakes for Cranbourne night meetings


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