au iconAU



CFO, MD sentenced for falsifying books

A former CFO and a former managing director have each received a $25,000 fine and a suspended prison sentence for charges relating to falsifying books and giving false or misleading information to auditors.

CFO, MD sentenced for falsifying books
smsfadviser logo

Former managing director and CEO of Sigma Pharmaceuticals Elmo De Alwis and former CFO Mark Smith were both sentenced to 12 months in prison, and were each fined $25,000. However, Victorian county court judge Richard Smith suspended the custodial sentence, placing both men on a 42-month good behaviour bond.

Read the full story at AccountantsDaily.

Subscribe to Public Accountant

Receive the latest news, opinion and features directly to your inbox