ASIC bans former directors of IT training firm

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ASIC bans former directors of IT training firm

Banned from managing corporations.

The Australian Securities and Investment Commission (ASIC) has banned two former directors of IT training and development firm A.S.K Solutions from managing corporations for up to three years.

Alan John King and Stephen Philip Hill, both from NSW, were banned in April for two years and three years, respectively.

ASIC alleged that King and Hill were the directors of two failed companies formerly known as A.S.K. Solutions and A.S.K. Learning.

Both companies entered liquidation on 26 November, 2008 with ASIC claiming they owed more than $4 million to the Australian Taxation Office and $512,348 to their employees.

Scott Frew, chief executive officer of Distribution Central, bought A.S.K. Learning from liquidators two years ago.

A.S.K Learning has offices in Sydney, Singapore and Beijing. Frew said he was about to open an office in San Jose, the heart of Silicon Valley.

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