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A FORMER director of one of the Kleenmaid group of companies. Bradley Wendell Young was sentenced to nine years' imprisonment last Friday after being found guilty by a District Court jury of 18 offences arising out of the collapse of the national whitegoods distributor.
Following a trial which lasted for 71 days, on 5 August 2016, the jury found Young guilty of:
- one count of fraud by dishonestly gaining loan facilities from Westpac Bank in November 2007 totalling $13 million;
- Two counts of criminal insolvent trading of debts totalling $3.5million relating to two additional loan facilities from Westpac Bank in July 2008; and
- 15 counts of criminal insolvent trading of debts totalling more than $750,000 that were incurred during the period October 2008 to April 2009.
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