Sole director jailed 6.5 years for moving $1.75m offshore before liquidation
Equitable Financial Solutions Pty Ltd (EFSOL) · Sharia-compliant savings and finance products
The case in brief
Visible before detection
Checks that could have surfaced it, on hindsight
Regulatory & litigation records
Complaint and AFCA records would show 38 determinations against the firm.
Can mislead when: Court records lag and name spellings vary. A clean record can mean the problem has not reached court yet.
Bank credits vs books
Bank records would show the transfers to personal and overseas accounts.
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.
Drawing power vs books
Cash against client claims would show a company short of funds to meet refunds.
Can mislead when: CARO is annual, so the signal comes late. It covers only borrowers above the ₹5 crore limit.
Governance signals
A sole director with control of all accounts would be a governance signal.
Can mislead when: Private companies file late, so these signals are lagging. Kubr uses them to support other flags, not to prove anything alone.
Where Kubr services would have helped
Borrower monitor
Offered in India- C1 Bank records would show the transfers to personal and overseas accounts.
- C8 Complaint and AFCA records would show 38 determinations against the firm.
- C11 A sole director with control of all accounts would be a governance signal.
- C14 Cash against client claims would show a company short of funds to meet refunds.
Portfolio monitor
Offered in India- C1 Bank records would show the transfers to personal and overseas accounts.
- C8 Complaint and AFCA records would show 38 determinations against the firm.
- C11 A sole director with control of all accounts would be a governance signal.
Verified Snapshot
Offered in India- C8 Complaint and AFCA records would show 38 determinations against the firm.
- C11 A sole director with control of all accounts would be a governance signal.
Financial diligence
Offered in India- C1 Bank records would show the transfers to personal and overseas accounts.
- C14 Cash against client claims would show a company short of funds to meet refunds.
Mapped from the checks each service runs. A hindsight reading of public records, not a promise that the failure would have been found.
Same pattern
A summary of public documents. It reports what the sources say. It is not Kubr's finding and not a statement of guilt.