Store owner fined $160,000 for crooked credit scheme in SA Aboriginal lands.
1 Jun 2017 - 12:17 PM  UPDATED 1 Jun 2017 - 1:02 PM

A store owner on South Australia's Aboriginal lands has had his state government licence to trade cancelled after he was fined more than $160,000 over a dodgy credit scheme.

Over a two-year period between 2010 and 2012, the Federal Court found that Lindsay Kobelt, the owner of a general store at Mintabie, had used a "book-up" system to withdraw almost $1 million from the accounts of 85 customers who had been offered loans to buy second-hand cars.

Aboriginal Affairs Minister Kyam Maher says the government is also reviewing Kobelt's residential licence which allows him to live on the state's Anangu Pitjantjatjara Yankunytjatjara Lands.

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