On 19 October 2016, Mr Anel Kurtovic, now of Woodville, South Australia, was convicted and sentenced at the Central Local Court for failing to disclose his bankruptcy to a finance company when he obtained finance to purchase excavating equipment.
Mr Kurtovic became bankrupt on 22 February 2006 by order of a court.
On 21 February 2013, Mr Kurtovic applied for finance in the amount of $119,751 to purchase equipment for his business.
Mr Kurtovic did not disclose his bankruptcy to the finance company when he applied for finance, knowing that he was under obligation to do this.
Mr Kurtovic pleaded not guilty to the offence but was found guilty by Magistrate Forbes, who convicted him without passing sentence and ordered him to serve a two year good behaviour bond.
The matter was prosecuted by the Office of the Commonwealth Director of Public Prosecution on behalf of the Australian Financial Security Authority.