ASIC notes the decision of the Commonwealth Director of Public Prosecutions (CDPP) to withdraw the charge against Mr James Jianshu Feng, a former director of Australasia Wealth Services and Management Pty Limited (AWSM).
The prosecution had alleged that, on or about 21 January 2020, while still a director of AWSM, Mr Feng authorised a form being lodged with ASIC that he knew falsely identified another person as being the director of AWSM from 31 July 2019. On 3 April 2020, AWSM was wound up in insolvency upon an application made by ASIC.
The CDPP has conducted a further review of the matter and determined that the charge against Mr Feng be withdrawn.
This news item was originally published by the Australian Securities and Investments Commission (ASIC AU). For more information, please see the Source Link.
