Director charged after ASIC investigation into Southeast Queensland property development companies

A former company director and undischarged bankrupt has been charged with numerous criminal offences in connection with multiple companies engaged in Gold Coast property development projects.

Ian Omar Chester was a director of Vested Capital Pty Ltd and several other associated companies which were used as investment and development vehicles (Vested group).

On 4 December 2023, Chester appeared in the Southport Magistrates Court charged with 15 counts of fraud, three counts of falsifying company books and records and two counts of providing false or misleading information to the members of a corporation in connection with his dealings with the Vested group companies.

This matter is being prosecuted by the Commonwealth Director of Public Prosecutions.

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