Ali Youssef, a director of Allscope Concrete & Pumping Pty Ltd (Allscope), has been charged with dishonestly using his position as a company director and dealing with proceeds of crime.

It is alleged that on 4 December 2023, Mr Youssef dishonestly used his position as a director to transfer $69,000 from Allscope’s bank account to his personal bank account with the intention of causing a detriment to Allscope Pumping.

The alleged offending occurred after Mr Youssef had been informed that Allscope was to be wound up and he was no longer authorised to deal with its assets including any transfer of funds.

It is further alleged that immediately after receiving the funds into his personal bank account,
Mr Youssef subsequently transferred the $69,000 along with other funds into two further accounts, one of which also belonged to him and the other his wife.

Mr Youssef is scheduled to appear before the Downing Centre Local Court in Sydney on 13 October 2026. The matter is being prosecuted by the Office of the Director of Public Prosecutions (Cth) (CDPP) following an investigation and referral by ASIC.

Background

Mr Youssef has been charged with:

• one count of using his position dishonestly to gain an advantage, contrary to s 184(2) of the Corporations Act 2001 (Cth)
• one count of dealing with proceeds of indictable crime valued at $50,000 or more, contrary to s 400.5(1) of the Criminal Code (Cth), and
• one count of dealing with proceeds of indictable crime valued at $10,000 or more, contrary to s 400.6(1) of the Criminal Code (Cth).