Wintech's Wong free on bail

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Wintech's Wong free on bail

Former Wintech Group managing director Kim Wong was released from custody on Monday night, the Australian Securities and Investment Commission has confirmed.

Wong was held pending a surety payment to the value of $100,000 a week earlier after facing Melbourne’s Magistrates Court on nine counts of contravening the Corporations Act (2001). 

ASIC has confirmed the surety was met but could not confirm the payment type or method. 

The regulator alleged that Wong engaged in conduct that resulted in the falsification of the former ASX-listed computer supplier's books in early 2009.

The matter was set down for a committal mention hearing on May 23.

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