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Farmouz Farhaad Mohammed
Farmouz Farhaad Mohammed, ex-director of Crane Trucks R Us, was jailed for stealing $256,000, leading to the company’s $6.27 million debt. He was convicted of fraud, sentenced to prison (suspended), and banned from managing companies until 2026.
Quick summary on Farmouz Farhaad Mohammed
Farmouz Farhaad Mohammed Jailed for Fraud:
Farmouz Farhaad Mohammed (Fred Mohammed), former director of Crane Trucks R Us Pty Ltd, was sentenced for fraud after stealing $256,000 from the company’s account in 2015, just before it went into liquidation.
Criminal Conviction:
Mohammed was found guilty of three counts of fraud and received a prison sentence, with a total of two years and six months for the first charge, and twelve months for the others. His sentence was later suspended for three years.
Corporate Barred:
Due to his conviction, Mohammed is barred from managing corporations until December 10, 2026. This exclusion began after his jail release.
Financial Impact on Creditors:
At the time of liquidation, Crane Trucks R Us owed 198 creditors a total of $6.27 million, exacerbating the financial strain caused by Mohammed’s fraudulent actions.
Investigation and Legal Proceedings:
The case was brought to court after an ASIC investigation, with Michael Dullaway and Mark Pearce acting as liquidators. The Commonwealth Director of Public Prosecutions handled the case.
by: Ryan Lewis
Fraud, financial ruin, and a corporate ban... what’s next, a redemption arc?
Cons
by: Hazel Reed
Let’s be real, no one should trust this man near a company ever again.
Cons