The former financial controller of wealthy eastern suburbs school Moriah College is being investigated for fraud.
Augustine (Gus) Robert Nosti, 56, who managed the Queens Park college’s money for more than 15 years, had his assets frozen after an application by the school to the NSW Supreme Court on Monday.
“The board of Moriah College is investigating recently-discovered serious alleged fraudulent activity, which appears to have been committed, over a period of time, within the college by a former administrative employee,” the school said in a statement.
“The college has retained legal and forensic advisors in respect of the suspected fraud and has notified police. The board will take every possible step to identify how the fraud occurred and recover all misappropriated funds.”
The college has referred the matter to police, and parents were told about the court action in a letter on Monday.
Mr Nosti’s LinkedIn profile said he was hired by the college in 2004, and left in March this year.
In the public statement, college president Stephen Jankelowitz said the school realised the matter would concern the school community.
Read the article by Jordan Baker and Angus Thompson in The Sydney Morning Herald.