KUBR

Concrete company director convicted of fraud after A$3.1m taken before liquidation

Bauen Concrete Pty Ltd · Construction (concrete)

Misuse of raised fundsConcealed debt

The case in brief

Visible before detection

    Checks that could have surfaced it, on hindsight

    1

    Bank credits vs books

    Would have compared company bank flows with recorded expenses.

    Can mislead when: AA only sees the accounts the company links, so an undisclosed account stays invisible. Cash-heavy businesses and timing differences create false flags.

    2

    End-use tracing of funds

    Would have followed withdrawals to non-business use.

    Can mislead when: Kubr sees only the company's own accounts. Once money reaches a third party's bank, Kubr can flag the payee but cannot see the next hop without that party's consent.

    3

    Avoidance transactions

    Would have flagged pre-liquidation transfers to insiders.

    Can mislead when: Only the tribunal decides what counts as an avoidance transaction. Kubr flags candidates and never states a conclusion.

    Where Kubr services would have helped

    Borrower monitor

    Offered in India
    • C1 Would have compared company bank flows with recorded expenses.
    • C6 Would have followed withdrawals to non-business use.

    Proceeds tracer

    Offered in India
    • C1 Would have compared company bank flows with recorded expenses.
    • C6 Would have followed withdrawals to non-business use.

    Financial diligence

    Offered in India
    • C1 Would have compared company bank flows with recorded expenses.

    Model check

    Offered in India
    • C1 Would have compared company bank flows with recorded expenses.

    Mapped from the checks each service runs. A hindsight reading of public records, not a promise that the failure would have been found.

    A summary of public documents. It reports what the sources say. It is not Kubr's finding and not a statement of guilt.