On 9 February 2023, Sharon Kia Le Heng of Perth, Western Australia, was convicted and sentenced in the Perth District Court for stealing $725,639.50 from Legacy Iron Ore Limited (Legacy), a publicly listed entity.鈥�
Ms Heng was sentenced to three years鈥� imprisonment, wholly suspended for two years.
Ms Heng was the founding director of Legacy and the Managing Director from April 2007 to October 2014.鈥��
Between 28 June 2012 and 6 November 2013, Ms Heng instigated 13 transfers from Legacy鈥檚 bank accounts to the bank account of Regency Infrastructure Pty Ltd (Regency) in circumstances where there was no lawful purpose.鈥��
Ms Heng concealed the transfers from the Legacy board and went on to use the funds transferred to Regency for her own benefit.鈥�
As a result of the conviction, Ms Heng has been disqualified from managing corporations for five years.
The Commonwealth Director of Public Prosecutions prosecuted this matter after a referral of a prosecution brief by ob体育.
Background
Ms Heng pleaded guilty to a single rolled-up charge of stealing in the Perth Magistrates Court on 29 July 2022 (22-207MR).
The maximum penalty for a charge under s378 of the Criminal Code (WA) is ten years imprisonment.鈥�