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ASIC bans accountant over $73m failure

Convicted chartered accountant David Brandi has now been banned from managing corporations for five years for his involvement in three failed companies that collectively owe creditors over $73 million.

ASIC bans accountant over $73m failure
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ASIC bans accountant over $73m failure

The ban from ASIC comes after Mr Brandi had last week pleaded guilty to fraudulently obtaining $135,248 in GST refunds by falsifying business activity statements lodged on behalf of clients.

Read more at Accountants Daily.

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