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Enforcement/asicCWLTH

Former NSW Director Usman Siddiqui jailed for dishonest use of position as director

26-187MR

criminal6 Aug 2026

Respondent

Usman Siddiqui

Facts

Former sole director of Equitable Financial Solutions Pty Ltd (in Liquidation), Usman Siddiqui, has been sentenced in the District Court of NSW for dishonestly using his position as a director.

Outcome

ASIC criminal conviction/sentence — Usman Siddiqui: 6 years and 6 months' imprisonment (non-parole 3 years 3 months) for dishonestly using his position as a director, after a guilty plea (sentenced 2026-08-06). See the ASIC source for the full terms.

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Read the source

https://www.asic.gov.au/about-asic/news-centre/find-a-media-release/2026-releases/26-187mr-former-nsw-director-usman-siddiqui-jailed-for-dishonest-use-of-position-as-director

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