Concrete company director convicted of fraud after A$3.1m taken before liquidation
Bauen Concrete Pty Ltd · Construction (concrete)
The case in brief
Visible before detection
Checks that could have surfaced it, on hindsight
Bank credits vs books
Would have compared company bank flows with recorded expenses.
Can mislead when: AA only sees the accounts the company links, so an undisclosed account stays invisible. Cash-heavy businesses and timing differences create false flags.
End-use tracing of funds
Would have followed withdrawals to non-business use.
Can mislead when: Kubr sees only the company's own accounts. Once money reaches a third party's bank, Kubr can flag the payee but cannot see the next hop without that party's consent.
Avoidance transactions
Would have flagged pre-liquidation transfers to insiders.
Can mislead when: Only the tribunal decides what counts as an avoidance transaction. Kubr flags candidates and never states a conclusion.
Where Kubr services would have helped
Borrower monitor
Offered in India- C1 Would have compared company bank flows with recorded expenses.
- C6 Would have followed withdrawals to non-business use.
Proceeds tracer
Offered in India- C1 Would have compared company bank flows with recorded expenses.
- C6 Would have followed withdrawals to non-business use.
Financial diligence
Offered in India- C1 Would have compared company bank flows with recorded expenses.
Model check
Offered in India- C1 Would have compared company bank flows with recorded expenses.
Mapped from the checks each service runs. A hindsight reading of public records, not a promise that the failure would have been found.
Same pattern
A summary of public documents. It reports what the sources say. It is not Kubr's finding and not a statement of guilt.