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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
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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.

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