A Cranley former managing director faces up to 25 years’ imprisonment after she was charged with recklessly failing to exercise her powers and discharge her duties, providing false information to auditors and engaging in conduct resulting in the falsification of books.
Holly Grofski on Friday was charged with one count of dishonestly or recklessly failing to exercise her powers and discharge her duties, one count of providing false information to auditors, and one count of engaging in conduct resulting in the falsification of books regarding the affairs of Global Merces.
The alleged offending occurred in November 2019. Ms Grofski faces maximum imprisonment of 25 years.
Ms Grofski faced the Brisbane Magistrates Court on Friday following an ASIC investigation into her conduct as managing director at Global Merces.
Ms Grofski was released on bail and the matter was adjourned to 16 July 2021 before the Brisbane Magistrates Court for further mention.
The Commonwealth Director of Public Prosecutions is prosecuting the matter after a brief referral from ASIC.
ASIC in January last year applied to have Global Merces wound up, before the Federal Court of Australia ordered that Global Merces Funds Management Ltd (Global Merces) in March be wound up on just and equitable grounds.
The court appointed Mr Anthony Connelly and Michael Hill, both of McGrathNicol, as joint liquidators of the company.
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