Coroner & Legal
Gunns, Finance Pty Ltd, MIS & ASIC
On Wednesday 12 August 2009 the Australian Securities and Investment Commission banned Ms Nancy Karin Keep from Mount Waverley from providing financial services for five years. ASIC’s Investigation found that she had engaged in misleading or deceptive conduct when she falsely witnessed applications for loan documentations in forestry products and Powers of Attorney.
Keep was also found to have acted recklessly in relation as to whether the documents had been forged prior to receiving and signing them. As a result of her conduct other parties improperly received approximately $5 million in commission based on application for wood lots in licensed Managed Investment Schemes.
Approximately one month later on the 25th September 2009 Gunns Finance Pty Ltd took Ms Keep to the Supreme Court of Tasmania for the repayment of a loan of approx $4 million (see below) I ask what is the connection?
Download: