The billion-dollar fraud trial of three former executives of the Appliance Traders Limited (ATL) Group has been adjourned until January 15, next year.
The adjournment came yesterday after defence attorneys completed their cross-examination of Lynda Mair, the attorney for the ATL pension fund and there were no more prosecution witnesses 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 are on trial for allocating $1.7 billion in surpluses to members of the scheme without Gorstew’s consent.
It is alleged that they used forged letters to deceive Stewart that consent was obtained.
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