Mr Mark Geoffrey Whitehouse of Corlette, New South Wales, has pleaded guilty in the Newcastle District Court following an investigation by ASIC.

Mr Whitehouse, an undischarged bankrupt, entered a guilty plea to breaching his duty as a director of MGW Roofing (Newcastle) Pty Ltd, in that he dishonestly used his position with the intention of directly or indirectly gaining an advantage for MGW Roofing (Sydney) Pty Ltd by transferring funds from MGW Roofing (Newcastle) Pty Ltd to MGW (Sydney) Pty Ltd. Mr Whitehouse will be sentenced in the Newcastle District Court on 14 May 2009.

Mr Whitehouse was also charged with managing a corporation while disqualified and is yet to enter a plea to that charge.

The full announcement is available from ASIC.

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