Coast crane director jailed for fraud

A MAN who withdrew $256,000 from his company before it went into liquidation with debts of $6.2m has been jailed for two-and-ahalf years.

Hope Island’s Farmouz Farhaad Mohammed, also known as Fred Mohammed, was found guilty of three counts of fraud for his conduct while director of Crane Trucks R Us.

The company operated a wet hire, road-based logistics and lifting services business in three states and was placed in liquidation in November 2015.

ASIC said investigators found Mohammed had, on three separate occasions, dishonestly withdrawn funds from the company account.

The Queensland District Court last week sentenced Mohammed to two-yearsand-six-months’ imprisonment on count one and 12 months’ jail each on counts two and three, to be served concurrently.

Judge Dennis Lynch QC ordered that the term of imprisonment be suspended after serving six months, with a three-year operational period commencing on June 11.

Mohammed is automatically disqualified from managing corporations until June 10, 2026. The matter was prosecuted by the Commonwealth Director of Public Prosecutions.