Condor Blanco alleges fraud by former board

CASHLESS Condor Blanco Mines is cooperating with authorities after a forensic review of the company’s activities uncovered alleged fraud.

Condor Blanco alleges fraud by former board Condor Blanco alleges fraud by former board Condor Blanco alleges fraud by former board Condor Blanco alleges fraud by former board Condor Blanco alleges fraud by former board

Image: iStock/OlivierLeMoal

The troubled junior has been suspended from trading since May 2016 due to ASX concerns about certain share transactions entered into by the company under the previous board, as well as concerns around disclosure up until July 2016.

The former board was voted out by shareholders and replaced with a new board led by shareholder Joshua Farquhar, who remains as executive chairman.

The previous directors were convicted rapist Glen Darby and his reported flatmate Timothy Stops.

Other previous directors of the company included Darby's sister Lia Darby and his reported ex-girlfriend Michelle Feruglio.

Condor's new directors initiated a forensic review of the company's historical transactions and arrangements when they were appointed on July 5, 2016.

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