Kirat K Prasad

Member’s name: Mr Kirat K Prasad
Date of Hearing: 2 June 2015
Division: New South Wales
Tribunal: Disciplinary Tribunal

On 2 June 2015 the Disciplinary Tribunal found Mr Kirat K Prasad breached:

• Article 39(A)(ii)B.2) of the Constitution in that he was guilty of conduct which is derogatory to, or not in the best interests of the Company or its Members
• Article 39(a)(ii)F of the Constitution in that he had been the subject of an adverse finding that has not been overturned on appeal in relation to the Member’s conduct.

In respect of a Judgement of the NSW Supreme Court in Charltons CJC v Fitzgerald & Ors. [2013] NSWSC 350, which found Mr Prasad had solicited clients from his former employer 12 months after termination of his employment. The Supreme Court found Mr Prasad’s conduct was characterised by dishonesty, misrepresentation and intrigue’ and that he had engaged in a ‘strategy of deception.

Mr Prasad attended the Disciplinary Tribunal Hearing and denied the Complaints.

Penalty and costs 

The Disciplinary Tribunal found the Complaints sustained and imposed the following penalties:

• forfeiture of Membership for 12 months
• prior to any application for readmission, at the expiration of the 12 months, he must first successfully complete the CPA Program as a non Member.

Mr Prasad was also ordered to pay CPA Australia’s costs of $777.07.