Mr Barry John Patrick, 67, of Pakenham Victoria has pleaded guilty in the Melbourne Magistrate Court to six charges following an investigation by the Australian Securities and Investments Commission (ASIC) into his conduct as an officer of a number of companies including Supatrust Finance Ltd.

Mr Patrick pleaded guilty to five charges of failing to keep proper books and records in relation to the following companies all of which went into liquidation:

• Supatrust Finance Ltd;
• Aarosonic Credits Ltd;
• Pacific Petroleum Services Pty Ltd;
• H.B.L. Holdings Ltd; and
• Texol Petroleum Services Pty Ltd

Mr Patrick was convicted and fined $5000.

He also pleaded guilty to six further charges that as an officer of Supatrust Finance Ltd he was required by the liquidator to deliver a report regarding the debtors of the company but failed to do so. Mr Patrick was convicted on that charge and fined $2000.

The Commonwealth Director of Public Prosecutions prosecuted the matter.

Further details are available from ASIC.