Westpoint's Rundle found guilty

Former Westpoint chief financial controller Graeme Rundle has been found guilty of two charges of making a false statement with intent to obtain a financial advantage.

A district court in Sydney found Mr Rundle guilty of the criminal charges, which were brought by the Australian Securities and Investments Commission.

The two offences were a contravention of section 178BB of the NSW Crimes Act and related to statements made to a financial institution in relation to obtaining a $71 million finance facility for the construction of a project at York Street in Sydney.

The matter is listed for sentencing before Judge Bozic in the District Court of NSW, Sydney, on 12 August 2011.

Mr Rundle was granted conditional bail.