False statements by company directors
- A company director sends an untrue email to the members about performance targets being met. When in reality the company is performing badly.
- The CEO of a company fabricates productivity ratings in a letter to creditors in order to secure further investment.
- No false statements were made.
- The Director did not intend to deceive members or creditors.
- The Director had no knowledge the statements were false.
Questions in cases like this
- Were any statements made to members or creditors that were not correct or accurate?
- Did you know the statements were false?
- Was anyone intentionally deceived?
Maximum penalty and court that deals with this charge
The maximum penalty for False Statements By Company Directors (s85 of the Crimes Act 1958) is level 5 imprisonment (10 years).
This is a strictly indictable charge which means that your case must be heard in the County Court.
“Were false statements made?”