Overview
- Court filings state $2,148,900 was transferred from Pendlebury’s investment account across more than 50 transactions dating back to 2015, with individual sums as high as $305,000.
- The alleged withdrawals were described as relating to Western United or linked property ventures, including Sayers Road Investment Co, Jaszac Investments and Western Melbourne Group.
- Pendlebury says a separate $300,000 loan to Jason Sourasis on March 15, 2023 was not repaid after terms were extended to up to 12 months at 50% interest.
- He is seeking restitution of the alleged misappropriated funds with interest, repayment of the loan on the agreed rate, and damages, according to the statement of claim.
- Sourasis has issued a statement vehemently denying the allegations and indicating he will defend the case, and no court findings have been made.