Landau sentenced over stealing charges

Former Continental Coal director Peter Landau has been sentenced to more than five years in prison over several charges, including stealing as a director.

Mr Landau was sentenced to five years and two months’ imprisonment over six charges in the Stirling Gardens Supreme Court Building today.

For two Commonwealth charges, Mr Landau was sentenced to 12 months' imprisonment concurrent to be released after serving six months.

The Australian Securities and Investments Commission alleged Mr Landau stole $2.2 million of applicant funds from Citation Resources when he was a director there.

It was further alleged that Mr Landau forged a bank statement to show Citation had $675,658 when its account had less than $120.

Mr Landau allegedly gave false and misleading information on the ASX, particularly that Continental Coal received $2.6 million from investors when they had only received about $57,000.

Continental Coal was a Perth-based ASX-listed mining and exploration company with mining assets in South Africa.