FIVE SYDNEY ARRESTS
£60,000 CONSPIRACY CHARGE BUSINESS FRAUD ALLEGED SYDNEY, Thursday. After making inquiries for a fortnight detectives arrested five men for an alleged business fraud, involving £60,000. The firm with which the men are connected came into existence some months ago. It traded on .the 90 clays’ bill system, buying huge l ' quantities of merchandise from warehouses, and selling at ridiculously low prices to retailers. The firm has now gone out of existence. The bills fell due at the beginning of December and according to official statements were not met. The five men have been charged with conspiracy.
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Sun (Auckland), Volume III, Issue 851, 20 December 1929, Page 9
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99FIVE SYDNEY ARRESTS Sun (Auckland), Volume III, Issue 851, 20 December 1929, Page 9
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