A GOLD Coast businessman has appeared in Court yesterday facing criminal charges.
Nebojsa Jovicic, of Robina is facing 12 counts of fraud following an Australian and Securities and Investments Commission investigation into the affairs of liquidated companies Perpetual Acquisitions Pty Ltd and Robina Properties (Qld) Pty Ltd.
ASIC alleges that between December 01 2005 and May 22 2006, Jovicic raised approximately $1 million from 12 investors based in
In some cases, Jovicic offered investors returns as high as 50% per annum. It is alleged that some of the investors’ funds were used in a fraudulent manner.
It is further alleged that investors subsequently suffered substantial losses from alleged investments made by Jovicic and the companies on their behalf in units at Mount Panorama Resort,
Jovicic was granted bail of his own undertaking conditional on him not leaving
Australian Property Journal
