Corporate finance director sentenced for conspiring to manipulate market (ASIC, 2021)

Judgment entered

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In February 2021 ASIC reported that Perth corporate finance director Ananda Kathiravelu was convicted and sentenced in the Western Australian Supreme Court to 12 months imprisonment, released on a $10,000 recognizance for seven months, for conspiring to manipulate Radar Iron shares in May 2016 to make a capital raising look more attractive.

The record

What was ordered

Civil penalty

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Disgorgement

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Prejudgment interest

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Total relief

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Alleged gain

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A dash means the release did not state a figure we could extract, not that the figure is zero. Penalty and disgorgement are stored separately so aggregates across the library do not double-count the same dollars.

What is alleged to have happened

the Australian Securities and Investments Commission announced this matter on February 10, 2021 as release 21-020MR. The respondent named is Ananda Kathiravelu (1 individual, 0 entities).

The court found the conspiracy to create or maintain an artificial price took place on the day before Radar shares were suspended, during a capital raising led by his firm, which stood to gain a fee if it raised more than $5 million. This library tags the matter as price manipulation.

The release references a parallel criminal proceeding. Where a criminal case exists, the civil and criminal outcomes are recorded separately, because they resolve on different standards of proof.

For the regulator's own account of the facts, read the primary document linked above. This page deliberately summarises the structured record rather than reproducing the release.

What technique is this, and how does it work?

This action is tagged with one technique in our taxonomy. The tagging is ours: regulators charge statutory provisions, not technique names, so the mapping is an editorial judgement described in our editorial policy.

• Price manipulation — see how it works, what statute it engages, and every other action tagged the same way.

Timeline

1. 2021-02-10 ASIC media release

Primary documents

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• ASIC media release

The linked release is published by the issuing regulator under its own terms. Our summary and narrative above are our own writing.

Same matter

The library links these 3 records because they appear to concern one matter: the same lead defendant, an overlapping technique tag and close filing dates, or a shared court docket or a release that cites the other. Records are listed by date filed.

This grouping is the library's, made by matching names, techniques, dates and citations when the site is built. It is not the regulator's or a court's determination that the records are one case, and it errs towards missing a link rather than making a false one.

Related actions

Other actions in the library sharing at least one technique tag with this one.

Record added September 10, 2026. submit a correction.