The barrister for Moriah College has told Sydney’s Supreme Court that its former financial controller is accused of defrauding the school of “close to $4million”.
The Sydney Morning Herald has reported that Augustine “Gus” Robert Nosti’s assets will continue to be frozen until Tuesday. Originally, they had been frozen until only until today
The assets include a Western Suburbs property and a bank account in his wife’s name.
The 56-yr-old Nosti had worked for Moriah for 15 years and left ots employment earlier this year.
In the Supreme Court, barrister David Sulan, said the alleged fraud if “extremely serious” and the former employee had defrauded Moriah of “close to $4 million”.
The Sydney Morning Herald reported, “Mr Sulan alleged Mr Nosti had directed the Tax Office to pay GST and fringe benefits tax payments due to be made to Moriah College into bank accounts owned by him or his associates.”
Justice Hammerschlag did not order Mr Nosti to surrender his passport but he has been barred from leaving the country until Tuesday when there will be a further preliminary hearing.
Makes one wonder. What sort of controls, checks, and balances, did Moriah have to stop such a thing happening?