Former Westpoint Chief Financial Controller Graeme Rundle is to stand trial in the Sydney District Court on criminal charges brought by the Australian Securities and Investments Commission.

He was last week committed under the NSW Crimes Act with two charges of making a false statement with intent to obtain a financial advantage.

The charges relate to statements by Mr Rundle made in support of a $71 million credit facility to fund a Westpoint building project on York Street in Sydney. Each offence carries a maximum five-year jail term.

Perth-based Mr Rundle was Westpoint’s Chief Financial Controller at the time of the alleged offences and also carried out key roles in two mezzanine companies associated with the project.

Investors had $393 million invested in Westpoint when the group later collapsed in January 2006.

Mr Rundle will appear for mention on August 20.