CAPITAL MARKETS

ASIC launches action against Padbury

THE Australian Securities and Investments Commission has started civil penalty proceedings against Padbury Mining and two of its directors over the Oakajee project funding fiasco.

Kristie Batten
ASIC launches action against Padbury

The action in the Federal Court of Australia is against Padbury, its managing director Gary Stokes and chairman Terence Quinn. On April 11 2014 Padbury announced it had secured $A6 billion in funding...

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