The ICAC had earlier charged two then senior executives of a duty-free chain store, who had concealed their conflicting interest in companies set up by them, with conspiracy to defraud for purchasing and reselling bottled red wine sourced from a French supplier to the chain store for profit by inflating the prices by $12 million. Following the guilty plea of a then general manager implicated, a then director was today (February 26) convicted of the offence after trial at the District Court.