Former NewSat CEO's case to go to trial

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Former NewSat CEO's case to go to trial
Adrian Ballintine.

Over alleged false invoices.

NewSat’s former CEO Adrian Ballintine has been committed to stand trial for allegedly approving false invoices worth $357,000.

Ballintine's trial will be heard before the County Court of Victoria on a date to be fixed.

Each charge carries a maximum penalty of five years’ imprisonment.

Ballintine was charged by Australian corporate regulator ASIC in December last year. The trial was set following a committal hearing before the Melbourne Magistrates’ Court.

NewSat was a satellite communications provider that was listed on the ASX until 31 August 2015.

Ballintine - who founded NewSat in 1987 - was ousted in June 2015, one month after the company went into administration.

NewSat's financial problems derived from a satellite project called Jabiru-1 that was meant to provide a total of 8.3GHz capacity, with Ka and Ku-band transponders covering South and South-East Asia, the Middle East and East Africa, plus terrestrial gateways in Perth, Adelaide and Cyprus.

Lockheed Martin, which had been building Jabiru-1, issued NewSat with a termination notice after it wasn't paid for its contributions to the project.

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