The accuracy of the content is not guaranteed. Please rely only on the authorised document. Victorian company director, Anthony Eustace Senese, today appeared in the Melbourne Magistrates Court on 300 Australian Securities and Investments Commission (ASIC) charges. The appearance before Ms. Wendy Wilmoth SM was for a committal mention hearing and was the result of a joint ASIC and Australian Federal Police investigation into the collapse of E. C. Consolidated Capital Limited(in liquidation). ECCL was a Melbourne based unlisted public company which was promoted as an investment vehicle for superannuation funds. ASIC and the AFP began an investigation in November 1997 after initial inquiries by ASIC into several postponements by ECCL in lodging its annual accounts. Mr Senese was the Managing Director of ECCL and the charges relate to 300 breaches of both the Corporations Law and Victorian State Crimes Act 1958. Mr Senese was charged with 179 counts of false accounting, two counts of stealing $5.4 million, 115 charges of making improper use of his position as a company director, two charges of obstructing an auditor and two charges of providing false documents. Ms Wilmoth ordered that Senese appear for a five day committal hearing to answer the charges beginning 31 July 2000.
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