Ex-Ralan Group MD admits to fraud

William O’Dwyer, the ex-managing director of firms within the Ralan Group – a Sydney-based entity that sold, developed, and managed companies prior to being placed in liquidation in 2020 – has pled guilty to fraud after an investigation by ASIC which found that O’Dwyer deceived lenders into advancing $251 million in financing. More from the Australian Broker.