Mr Laurie (Lirim) Emini, a director of Opes Prime Stockbroking Limited (OPSL) has been charged with further offences arising from the investigation by ASIC into the company’s collapse.

Mr Emini has been charged with 22 offences of breaching his duties as a director of OPSL and another company of which he was a director, Leveraged Capital Pty Ltd (Leveraged Capital).

ASIC alleges that on a number of occasions between July 2006 and February 2008, Mr Emini caused the false recording of securities in the records of OPSL and Leveraged Capital so that securities were recorded as being held by more than one client at the same time. The result of this false recording was that the records of OPSL and Leveraged Capital were not a true reflection of the state of those companies’ securities holdings and consequently, their respective financial positions. The value of these securities was in excess of $50 million.

ASIC alleges that in causing the false recordings to be made, Mr Emini was intentionally dishonest and failed to exercise and discharge his duties in good faith in the best interests of OPSL and Leveraged Capital.

Further details are available at ASIC.