ABC reports until very recently, Fitzgerald was responsible for high-level accounting and financial reporting at the Seven Network and had responsibility for the finances of television production, sport, news and public affairs, overseas bureaux and programming. He had approval to authorise individual payments up to $55,000.
The court heard he had admitted to falsifying invoices.
Seven is now preparing to sue over ‘long-standing invoice racket’ after telling the court it uncovered “payments going back over a number of years.”
Assets including $1 million in a superannuation fund and $2.5 million in cash and shares have been frozen. There was no suggestion his wife knew of the alleged fraud.
Seven did not respond to ABC enquiries.