Charges have been dropped against Erwin Walter Filler and Rahoul Ray.
Charges have been dropped against Erwin Walter Filler and Rahoul Ray. John Weekes

Fraud charges dropped after Yalanga sale

FRAUD charges have been dropped against Erwin Walter Filler and Rahoul Ray after three trials.

Mr Filler and Mr Ray were charged after the sale of Yalanga Station.

The first trial in 2017 before Judge Julie Dick was cancelled after a defence barrister became ill.

The second trial collapsed in February 2018 after a tendered document allegedly showed Mr Filler owed Judge Julie Dick's brother-in law money.

There was no suggestion Judge Dick acted improperly in any way but she recused herself.

The third trial started in October last year but did not proceed.

Charges against Mr Ray and Mr Filler were then withdrawn.

Guest Lawyers previously said the Crown withdrew all charges with no verdict entered against its client, Mr Ray, after "intensive cross-examination” of Crown witnesses.

The law firm said defence teams extracted critical and material facts that were missing from the Crown case.

These presented an entirely different picture on the circumstances under which the land deal was negotiated and concluded, Guest Lawyers said.

The law firm said the overall Yalanga deal was arguably complex and unconventional, "perhaps reflecting commercial realities of closing large transactions in the aftermath of the Global Financial Crisis”.

The Crown had in successive trials accused Mr Ray and Mr Filler of tricking Maureen and Will van Zetten about the sale of Yalanga Station in 2010-11.

Prosecutors claimed the Van Zettens traded the Noosa property for cash and for effectively worthless Nexis Holdings shares.

At the second trial, Mr Filler's defence counsel Greg McGuire said Nexis was a start-up company that planned on turning waste products into buildings.

He said Mr Van Zetten got $5.4million cash and 17 million shares for land that eventually sold at market for just over $4million.

"At the end of the day, this was just a business deal that went wrong,” Mr McGuire told jurors.

The Department of Justice and Attorney-General has been approached for comment. -NewsRegional