Mr Krishnakumar Sitaram Agrawal, the current and former director of 27 companies which are collectively known as the Mansa Group, has pleaded guilty in the Sydney Downing Centre Local Court to criminal charges following an ob体育 investigation.
Mr Agrawal pleaded guilty to one count of using false documents to obtain a financial advantage contrary to the Crimes Act NSW and one count (and admitted guilt to a further count) of using his position as director dishonestly to gain advantage and cause detriment contrary to the Corporations Act.
The charges relate to Mr Agrawal removing directors and shareholders of corporations within the Mansa Groups, which he controlled, without their knowledge, applying for and obtaining loans from third-party lenders on that basis and/or with the use of false documents and using the loans for the benefit of other corporations which he controlled.
This criminal action follows previous action by ob体育 to secure travel restraints against Mr Agrawal and his wife following the collapse of the Mansa Group (see: 24-056MR).
Mr Agrawal appeared in the Sydney Downing Centre Local Court in relation to the offences, committed between 24 April 2017 and 24 March 2023. Mr Agrawal entered guilty pleas at his first appearance on 18 March 2025. His admission of guilt on the second charge of using his position as director dishonestly to gain advantage and cause detriment will be taken into account on sentencing.
Under s 254 of the Crimes Act, the offence of using false documents to obtain a financial advantage has a maximum penalty of 10 years鈥� imprisonment. Under s 184(2) of the Corporations Act, the offence of sentence involving use of a position dishonestly to obtain advantage or cause detriment has a maximum penalty of 15 years鈥� imprisonment.
The matter was committed to the Sydney District Court for Mr Agrawal to be sentenced at a later date and will next be heard at Sydney Downing Centre District Court on 11 April 2025
The matter is being prosecuted by the Commonwealth Director of Public Prosecutions.
Background
The companies in the Mansa Group are currently in either voluntary administration or liquidation.
The Mansa Group companies were used for the funding, acquisition and development of property in Sydney鈥檚 west.
Liquidators, Michael Billingsley and Mohammad Mansoor of Olvera Advisors, are appointed to Mansa Sons Pty Ltd, Dawn Enterprise Pty Ltd, Tvesa Investments Pty Ltd, Siddhi Services Pty Ltd, and Patidar Group Pty Ltd.
Liquidators, Shumit Banerjee and Rajiv Ghedia of Westburn Advisory, are appointed to Pramukham Enterprises Pty Ltd, SK Homes Aus Pty Ltd, SKTM Capital Pty Ltd, SKTM Capital Pty Ltd, TKA Investments Pty Ltd, and SK Capital Pty Ltd.
Liquidators, Martin Walsh of Walsh & Associates, are appointed to SK Homes Pty Ltd.
Liquidators, Simon Cathro and Declan Lane of Cathro & Partners, are appointed to Samarpan Investments Pty Ltd, Sahyog Developers Pty Ltd, and United Capital Australia Pty Ltd