Bill Express continued


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For those still following the Bill Express story, which ended with a $250 million debt, the chief accountant was found guilty of inflating Bill Express's profit by $7.5 million in 2007 by recording non-existent sales of SIM cards. He ruled as having lied to the group's auditor and the Australian Securities and Investments Commission. So he got 21 months in jail, wholly suspended, and fined $10,000.

I think he is the only one convicted of anything about what Bill Express did.

In another case, it was decided that the insurance company does not have to pay Optus 27 million dollars compensation partly because of inadequate disclosure by Optus to the insurance company.

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