Chartwell charges

Jessica Benton
Two bankrupt businessmen face court on dozens of charges over the $60 million collapse of a Geelong investment company.
Former Chartwell Enterprises director Graeme Hoy and ex-company secretary Ian Rau are set to appear in Geelong Magistrate’s Court next month after their separate arrests earlier this week.
Australian Securities and Investments Commission said it brought a combined 41 criminal charges against both former Chartwell principals.
ASIC said Queensland Police arrested Mr Rau in Brisbane on Tuesday, charging him with 19 offences.
The charges included inadequate licensing, dishonest conduct, using false documents, obtaining financial advantage by deception, dishonestly obtaining property to the value of $140,000 and dishonest use of his position in the company.
ASIC said police charged Mr Hoy with 22 offences including inadequate licensing, obtaining financial advantage by deception, dishonestly obtaining property to the value of $26 million, dishonest conduct and dishonest use of his position in the company.
Both men have been summoned to appear in the Geelong Magistrates Court on September 11.
The Geelong-based firm allegedly traded investor funds on local and global financial markets.