Australia
VIEW ARCHIVES (25847 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 anzbloodstocknews.com.

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.
 

 
»Raceday wagering review

»Kingsford-Smith win puts Clearly Innocent in millionaires club

»Parr and Allegric win the McKell Cup

»Randwick briefs

»Kementari powerful winner number 12 for Beadman

»Plein flies as Weir equals metro record

»Weir, Allen roll on with Renew

»Smith feels a Derby coming on with Order Again

»Melody Belle (NZ) breaks Kiwi drought in Sires

»Track conditions, scratchings, market movers and form for Sandown-Lakeside

»Track conditions, scratchings, market movers and form for Randwick

»Track conditions, scratchings, market movers and form for Eagle Farm

»Saturday and Sunday form

»The latest news update from Sky Racing

»Brisbane Best

»Sydney Specials

»The Melbourne Mail

»Lloyd plays the tune in Kingsford-Smith Cup

»No further racing in 2017 for Jameka

»Follow the market movers

Share/Bookmark

©Copyright 2006 - 2017 Thoroughbred News.
All rights reserved
Development and Design by Web Element