The former CEO of iconic Australian surfwear brand Billabong, Matthew Perrin, has been sentenced to eight years in jail on Friday, after forging his ex-wife’s signature to secure a 13.5 million Australian dollar loan.

Perrin was found guilty last month on three counts of fraud, and six counts of forgery.

Perrin used the loan to prop up his interests in Global Mark Limited, an investment he made in retail outlets and supermarkets in mainland China.

In the sentencing, Judge Julie Dick said it was “inevitable” that Perrin would be found guilty due to the insurmountable amount of evidence filed against him.

Source: Xinhua/NewsGhana.com.gh

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