The former head of the collapsed Viking Group has been found guilty of dishonesty charges related to plans to defraud banks of millions of dollars.
Subscribe now for unlimited access.
$0/
(min cost $0)
or signup to continue reading
A Supreme Court jury found Steve Iliopoulos guilty of 11 charges of obtaining a financial advantage by deception and one of attempting to obtain a financial advantage.
He was acquitted on two fraud charges.
The jury also convicted another member of the Viking Group's former management team, Vasilis Bariamis, on two charges of obtaining a financial advantage by deception and one of attempting to.
He was found not guilty on one charge.
Prosecutors alleged the management team used false documents and information to secure abut $30 million in loans from the Commonwealth Bank of Australia in 2009 and 2010, and attempted to defraud the Westpac Bank of $53 million.
The trucking company went into liquidation in 2011.
Justice Stephen Kaye remanded Iliopoulos and Bariamis in custody after Monday's guilty verdicts for a pre-sentence hearing, set for a late date.
The verdicts were handed down following a 10-week trial that featured about 70 witnesses.
Justice Kaye last month discharged seven charges of obtaining a financial advantage by deception against Iliopoulos' son, Peter.
