DIRECTORS ARRESTED

Evening Star, Issue 20372, 2 January 1930, Page 9

DIRECTORS ARRESTED

SENSATION IN SYDNEY POLICE MUD ON OFFICE Proas Association—By Telegraph—Copyright. SYDNEY, December 31. A sensation has been caused by a raid by detectives on the offices of the Property Insurance Company, Limited, Pitt street, and the arrest of John Gunn, managing director, and William J. Beckett, director, who later were charged with conspiracy, between January 1, 1927, and December 27, 1929, to defraud members of the public. The police stated that £150,000 is believed to he involved. , A detective hasforsome weeks been engaged in investigating the formation and operations of the company, which began business in 1927 with an authorised capital of £200,000. His work was done so quietly that the members of the staff , were dumbfounded when their labours were suddenly interrupted by the entry of detectives and police, who took away books and papers which they considered needful for the purposes of prosecution. Gunn was for many years in a legal practice in Sydney, while Beckett is connected with Beckett’s newspapers. A third man, Allan Fraser Howden, was also before the court in connection with the same charge. All the men were remanded until January 6, bail being allowed.