Convicted fraduster Kumar Choudary is listed as a Director of Kumar Karkare Enterprises Ltd and OSCM International Ltd.
Aspiring Labour candidate Neelam Choudary has been a co-director of Kumar Karkare Enterprises Ltd since May 2004. That company has ceased to carry on business and the Registrar is about to remove it.
Of more interest is OSCM International Ltd. They have three Directors. The first, since Oct 2005 is Pavitra Roy (who may be the same Pavitra Roy who stood for the Progressives in 2008). The other two are Kumar Choudary and Lourdu Joseph William Reddy – both convicted of six fraud charges in December 2008. They became Directors of OSCM in February 2009.
So what is the problem? Well if you have been convicted of a crime involving dishonesty (such as fraud) within the last five years, you are ineligible under s382(1)(b) of the Companies Act to be a Director. And both William Reddy and Kumar Choudary signed Director consent forms in February 2009 – just two months after they had been convicted. The forms explicitly make clear that you can not sign if convicted.
His form is attached here – choudary.
Now Choudary I presume faces liability both for signing the form, despite beign prohibited, but also remaining a Director of the other company, along with his wife Neelam. The maximum penalty under s373(4) is liable to imprisonment for a term not exceeding 5 years or to a fine not exceeding $200,000.