Three former directors of kitchen appliance distributor Kleenmaid have been charged with 20 criminal offences, including allegedly cheating Westpac of $13 million.
Andrew Eric Young, Bradley Wendell Young and Gary Collyer Armstrong have been committed to stand trial in the Maroochydore District Court on a date to be fixed.
They have been charged with 20 criminal offences, including fraud and 18 insolvent trading charges, following a three-week committal hearing which ended on Monday.
The Australian Securities and Investments Commission is also alleging that Armstrong and Andrew Young dishonestly withdrew more than $300,000 from the company's bank accounts two days before it went into administration in 2009.
Liquidators have also reported consolidated debts of almost $100 million.
The former directors have not been required to enter a plea and are on conditional bail.
Each of the criminal insolvent trading charges carry a maximum penalty of $200,000 or five years imprisonment or both.
The fraud charges carry a maximum penalty of imprisonment for 12 years.
