Alleged mortgage fraud not connected to AFG

Australian Finance Group (AFG) was first made aware of an ASIC investigation regarding Mr Aizaz Hassan through media reports on 6 January 2015.

Allegations against Mr Hassan relate to his employment with Myra Financial Services from 2008 to 2011. Myra Financial Services has no affiliation with AFG.

Mr Hassan was later employed at Cigna Financial, which operates as a credit representative under AFG’s Australian Credit Licence. It is important to note that the alleged fraud occurred prior to Mr Hassan’s employment with Cigna and prior to his association with AFG.

Mr Hassan was suspended on 6 January 2015, and had his employment terminated by Cigna Financial on 7 January 2015.

This matter is subject to legal proceedings and it would, therefore, be inappropriate for AFG to make further comment given these allegations occurred prior to any association between Mr Hassan and AFG.