FMG lawyers challenge ASIC action

LAWYERS representing Fortescue Metals Group boss Andrew Forrest have moved to have charges brought against him by corporate regulator, ASIC, in relation to market disclosure of certain agreements signed in 2004 thrown out, claiming Forrest met all his obligations.

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According to an ABC report, Forrest’s lawyer Martin Bennet presented the court with a copy of a letter sent to the ASX in 2004, which he claimed proved Forrest met his obligations in regards to

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