After two years of adjournment delays, a trial date has been set for Fred Mohammed, former director of the now defunct Brisbane-based operation Crane Trucks R Us.
Mohammed is now due to appear in Ipswich District Court on June 7, 2021, charged with three counts of fraud under the Criminal Code (Queensland).
Federal regulator ASIC alleges that in August 2015 Mohammed dishonestly caused a detriment to Crane Trucks R Us by unlawfully withdrawing funds belonging to the company on three separate occasions and using it for purposes unrelated to the company.
The charges were brought against Mohammed following an ASIC investigation into his conduct as the director of Crane Trucks R Us.
At the time of making the withdrawals, Mohammed, who is also known as Farmouz Farhaad Mohammed, was the sole director of the company.
Big Rigs first broke the story of Crane Trucks R Us heading for liquidation in 2015 when employees claimed they had not been paid their full entitlements.
Mohammed told Big Rigs that his company failed because multinational giant Holcim terminated a $10 million contract part-way through a two-year deal.
A spokesman for Holcim denied the company owed money to Crane Trucks R Us.