This is the result of one investigation. Richard Steggall was the person who tried to help out Newtel in its darkest hour.
"Victorian man fined for running company while disqualified 09:15, Thursday, 10 June 2004
Sydney - Thursday -June 10 : (RWE) Mr Richard Steggall, 27 years old of South Yarra, Victoria, was yesterday convicted and fined $5000 after he pleaded guilty in the Melbourne Magistrates Court to two counts of managing a corporation while disqualified. He was also found guilty on three counts of lodging false and misleading documents with the Australian Securities and Investments Commission . As a result of today's conviction, Mr Steggall is automatically banned from managing corporations for a further five years from yesterday. The decision comes following an investigation by ASIC into his Mr Steggall's role as a director of several companies. Mr Steggall was banned from managing corporations for five years from May 12, 2000 following convictions on theft, deception and other related charges. However, he acted as a director of Stegtel Trade & Equities Pty Ltd between September 2000 and February 2002, and acted in a management role at Broadband & Wireless Pty Ltd between July 2002 and 31 January 2003. In 2001, Mr Steggall lodged three 'Notification of Change of Officeholders' forms with ASIC for three separate companies appointing himself as a director of each company. The forms he lodged with ASIC contained alias names along with a false date of birth. The matter was prosecuted by the Commonwealth Director of Public Prosecutions.
