Australian Lawyers Weekly
The Federal Court ordered Christopher William Legal’s principal lawyer Mark Madafferi to not leave or attempt to leave Australia until mid-September this year or until further orders are made.
Dubber Corporation Limited’s former chief executive and managing director Stephen Vincent McGovern was also restrained from leaving.
It’s believed the two were involved in the alleged “suspected misuse” of $30 million belonging to Dubber or one of its subsidiaries.
The Australian Securities and Investments Commission (ASIC) began its investigation after Dubber’s board warned investors the $30 million was “not currently available to the company”.
The board reportedly suspended McGovern when an audit review revealed inconsistencies in funds held by a third-party trustee.
It was alleged Christopher William Legal acted for this trustee.
While approximately $3.4 million has been recovered, ASIC said the remaining funds remain unaccounted for.
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