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Resisted on fraud charges

Former Allied Carpet Industries Pty Ltd secretary Stewart Milne has pleaded not guilty in the Perth Magistrates Court to two charges of fraud laid by ASIC.

ASIC alleges Mr Milne fraudulently obtained a temporary overdraft facility of $150,000 and a permanent facility of $176,000 from the National Australia Bank, for Allied Carpet, by providing false financial information to the National Australia Bank.

Mr Milne has been committed for trial in the Perth District Court and bailed to reappear in May.

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