Here is the complete announcement from the ASIC pages. There is...

Here is the complete announcement from the ASIC pages. There is also a similar report on Trading Room.

"Media and information releases

03-309 Former Voicenet director charged

Friday 26 September 2003


Mr Alan Dawson, a former managing director of listed company Voicenet (Aust.) Ltd (Voicenet), today appeared in the Perth Court of Petty Sessions on two charges brought by the Australian Securities and Investments Commission (ASIC).

Mr Dawson, 52 years old of Peppermint Grove, Western Australia, was charged with two counts of failing to act honestly in the discharge of his duties as a director of Voicenet.

ASIC alleges that Mr Dawson failed to ensure Voicenet received payment of approximately $1 million on conversion of 2 million Voicenet options into ordinary Voicenet shares. The conversion occurred on 2 July 1999 and 6 July 1999.

Payment was due from Property Corp International Pty Ltd, a company related to Mr Dawson, however, ASIC alleges payment was not made until four months after the options were exercised, during which time Mr Dawson sold Voicenet shares.

Mr Dawson was not required to enter a plea, and was placed on personal bail, including a requirement to notify the Commonwealth Director of Public Prosecutions (CDPP) of any intended travel.

The matter, which is being prosecuted by the CDPP, was adjourned until 10 October 2003 for plea.

ASIC and the CDPP, in conjunction with the Australian Federal Police, have also obtained a restraining order over the private residence of Mr Dawson under the Commonwealth Proceeds of Crime Act, which prevents him from disposing of his interest in the property, pending determination of the charges. "


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