Business cloud over ‘runaway’ Porsche driver
The corporate regulator proposed to deregister Porsche driver Richard Pusey’s business just weeks before a crash in which four police were killed last week.
The corporate regulator proposed to deregister Porsche-obsessed mortgage broker Richard Pusey’s business just weeks before he allegedly fled the scene of a horror crash in east Melbourne that killed four police officers on Wednesday.
The licence to operate as a credit licensee listed on Mr Pusey’s business website ceased last July 22, according to ASIC records.
The garage door of Mr Pusey’s warehouse-style home in Melbourne’s inner-north Fitzroy was kicked in and graffitied with the words “Die” over the weekend.
He remains in jail after he was slapped with nine charges including failing to render assistance, reckless conduct endangering serious injury and three counts of committing an indictable offence while on bail.
The Australian Securities & Investments Commission issued a notice of proposed deregistration for Mr Pusey’s firm, ISWITCHNOW, which trades under Switch Now Home Loans, on April 6.
The notice said Mr Pusey’s business registration could be cancelled in two months, and while the reason for the proposal was not stated, there are several reasons given under the Corporations Act. These are failing to respond to a compliance notice in six months, failing to lodge any documents in the past 18 months, failing to pay a review fee in full within 12 months of the due date, and ASIC believing the company is not carrying on business.
It is alleged Mr Pusey was driving his $150,000 Porsche coupe at 149km/h with methamphetamine and cannabis in his system on Wednesday when he was pulled over by four police officers. He was urinating on the side of the road when a refrigerated truck veered to the left and hit the cars at 100km/h, killing Constable Joshua Prestney, Constable Glen Humphris, Senior Constable Kevin King, and leading Senior Constable Lynette Taylor.
Truck driver Mohinder Singh Bajwa is in hospital after suffering a medical episode and blacking out after the accident.
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