ASIC has disqualified Mohamed Aly Ismail Khalaf of Condell Park, NSW, from managing corporations for five years due to his involvement in the failure of three companies.
Between 29 July 2013 and 16 September 2019, Mr Khalaf was an officer of three companies that entered liquidation:
- Qld Protection Security Pty Ltd (ACN 165 047 110);
- Power Protection Services Pty Limited (ACN 624 207 496); and
- Insight Cleaning Solutions Pty Limited (ACN 609 721 646).
The companies were involved in providing security operator services and cleaning services.
ASIC found that Mr Khalaf acted improperly and failed to meet his obligations as an officer when he:
- Utilised his authority as signatory of the companies bank accounts to make frequent transfers bet…
Read the full article at: https://asic.gov.au/about-asic/news-centre/find-a-media-release/2023-releases/23-297mr-asic-disqualifies-nsw-director-for-maximum-five-years