Imprisoned Geraldton welder faces 3 year ASIC ban

A three-year ban from managing corporations issued by the Australian Securities and Investments Commission is unlikely to bother Geraldton welder Allan William Bolton too much, considering he is currently serving 40 months for drug offences.

ASIC found that Mr Bolton, 48, had failed to keep proper books and records, and assist liquidators, in two failed companies, B.Co Rural Pty Ltd and B.Co Welding Services Pty Ltd.

Mr Bolton was sentenced to 40 months jail in October last year, after police executed a search warrant at his home to find ingredients and equipment for making high-grade ecstasy.

His de facto wife, Belinda Jane Hayley, 32, who received the same conviction, was given a suspended sentence to she could look after the couple's four children.