Kleenmaid: Andrew Young pleads not guilty to $13m fraud
UPDATE: FORMER Kleemaid director Andrew Eric Young has pleaded not guilty to fraud and insolvency trading charges.
At Brisbane District Court on Monday, Judge Brian Devereaux described the charges as being of two basic types.
"One is called fraud. The other is called insolvent trading," he said.
The court heard the fraud charge related to an allegation Young dishonestly got a loan from Westpac.
Young was also accused of dishonestly incurring debts, including some when Edis Service Logistics, Kleenmaid's spare parts arm, was insolvent.
Fifteen jurors were empanelled, with three of those in reserve because of the trial's expected length.
The jurors were told the trial could continue past Christmas, or be finished in as soon as 12 weeks.
"The short point is, you're engaged in a lengthy criminal trial," Judge Devereaux said.
The court heard more than 50 witnesses from the Sunshine Coast, Brisbane, Sydney, Western Australia, Melbourne and New Zealand could be called to give evidence.
They included Kleenmaid employees, accountants, customers, several Westpac employees, and Australian Securities and Investments Commission staff.
Kleenmaid collapsed in April 2009 when Westpac, its major creditor, placed the company into administration.
EARLIER: THE nine-week trial of a businessman accused of defrauding Westpac of $13 million is expected to begin today.
Sunshine Coast man Andrew Eric Young was accused of defrauding the bank when Kleenmaid was insolvent.
Brisbane District Court has heard the long trial could hear from three dozen witnesses.
The jury, once picked, is expected to view financial documents from as far back as 2003.
Young's jury trial with Judge Brian Devereaux is expected to begin at 10am.
Kleenmaid collapsed in April 2009 when the company was placed into administration. -NewsRegional