Ex-Kleenmaid bosses charged with fraud

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.