FRAUD CHARGES.

Thames Star, Volume LXV, Issue 19351, 7 March 1935, Page 3

FRAUD CHARGES.

SALES OF CARS. Corporation's Advances. LARGE SUM INVOLVED. SIX MEN AND A WOMAN.

By Telegraph— Press Association). AUCKLAND, March 7

An unusual series of charges ib being heard at the Police Court this afternoon, six men and one woman being involved. The first charges heard were against Alfred Ernest Bay, aged 30, motor dealer, and Oscar Herbert Johnson, aged 44, clerk. They were charged on seven counts with conspiring to defraud the New Zealand Guarantee Corporation, Ltd., of sums totalling £944. Evidence was given by an accountant whose firm is the Auckland agent for the Corporation, which finances the sales of motor-cars. He said at various dates in 1933 Hay produced seven agreements setting nit sales'of cars, and produced collaterial promissory notes purporting to be signed by the purchaser in each case. He produced a letter stating that he had inquired into the financial position of each purchaser. Witness accepted the deals and paid out various sums by way of advances. Last December Hay admitted to him that none of the transactions were genuine. Approximately £486 was still owing out of the £944 advanced to Hay. (Proceeding).