NSW: Suleman to serve 12 months in jail =2

AAP General News (Australia)
04-15-2004
NSW: Suleman to serve 12 months in jail =2

Outside court, Wacoub Kako, 61, a disgruntled shareholder who lost $125,000, said the
sentencing was nowhere near appropriate.

"The decision is not enough. He should get all his life (in jail)," Mr Kako told reporters.

Suleman, 43, had pleaded not guilty to the charges.

The jury in his trial was told in December 2000 he provided one broker with a forged
bank statement, claiming to have $14 million in a joint account with his wife, to secure
finance for a $355,000 Ferrari Spider convertible.

In March 2001, needing a $2.3 million loan for a $3.3 million Princess motor yacht,
Suleman falsely told a broker he had $18 million in the bank.

With his eye on another Ferrari, Suleman applied for a $250,000 loan in October 2001,
again telling a broker he had $18 million in the bank.

But Crown prosecutor Maria Cinque told the court he had nothing like that amount of
cash available to him.

That application did not proceed but the same month Suleman obtained $250,000 from
another broker after falsely claiming to have $32 million available.

AAP sd/mg

KEYWORD: SULEMAN 2 SYDNEY

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