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Tassie reseller under investigation

Tassie reseller under investigation

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The Fraud Squad is currently investigating a trail of bed debts and very suspicious activity at a Tasmanian-based reseller, ARN has learned.

The company, which cannot be named for legal reasons, is reported to have declared bankruptcy in mid-June, leaving over $250,000 in bad debts.

It is believed several Australian distributors, including Edge Technologies and its software division KTX, JTC International and Melbourne-based systems integrator Com 1 International, have been affected.

Fabrice Cassou, general manager of Com 1 International, said the company being investigated had placed a series of "very large" orders in the few days prior to declaring itself bankrupt.

"It was all very well timed," Cassou said, adding that he suspects the company directors intended to run off with the goods.

The company actually deposited a cheque for the equipment, which Com 1 then delivered. Five days later however, these cheques bounced and the reseller declared itself insolvent, according to Cassou.

"There's a fine line between going into voluntary administration and packing up and leaving," Cassou said.

The Fraud Squad, Federal Police and Australian Tax Office are all seeking to speak with the directors of the company regarding accusations of operating while insolvent as well as large scale tax fraud, Cassou added.

Officials at Edge Technologies did not comment at the time of publication.


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