Tag: Opportunity knocked

Ex-APRA manager accused of rorting credit union while pocketing six-figure salary, court documents reveal – Business – ABC News (Australian Broadcasting Corporation)

Onetime senior banking watchdog manager Lyndon Kingston and his wife Anna Kingston.

A former senior manager at Australia’s banking watchdog APRA is accused in a lawsuit of running an array of scams, including engineering sham payouts for his wife and ripping off the credit union that headhunted him as chief executive.

Lyndon Kingston allegedly lined his pockets by rorting expenses and taking kickbacks from uncommercial contracts before he was sacked from a job he claims entitled him to up to $1 million a year.
Key points

The credit union Lyndon Kingston ran alleges he took kickbacks from $2.5 million in dodgy contracts
Court documents claim the former APRA manager gave his wife a $340,000 “sham redundancy” and rorted expenses
It alleges Mr Kingston offered the credit union’s chairman a $1.25 million consultancy to get his job back
ASIC is investigating the claims, which Mr Kingston denies

via Ex-APRA manager accused of rorting credit union while pocketing six-figure salary, court documents reveal – Business – ABC News (Australian Broadcasting Corporation)