ATL pension fund fraud trial to resume next year

Published: Friday | December 13, 2013 Comments 0

The billion-dollar fraud trial of three former executives with the Appliance Traders Limited (ATL) Group has been adjourned until January 15.

The adjournment came yesterday after defence attorneys completed their cross-examination of Lynda Mair, the attorney for the ATL pension fund, and no prosecution witness was available.

ATL boss Gordon 'Butch' Stewart is among the nine remaining witnesses for the prosecution.

Patrick Lynch, the former chairman of the pension fund, along with Catherine Barber, the fund's former general manager, and Dr Jeffrey Pyne, the former managing director of Gorstew Limited - Stewart's holding company - are on trial for allocating $1.7 billion in net and withdrawal surpluses to members of the scheme without Gorstew's consent and allegedly using forged letters to deceive Stewart that consent was obtained.

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