Watch from 9.18 onwards:
Watching ABC News WA Friday 30/11/2018 in iview https://iview.abc.net.au/show/abc-news-wa/series/0/video/NU1808W287S00
This is the most damning interview I have seen. Mr Fievez conceding that when CCE “came on board” that the EMC projects were allready stressed!!!!
Clearly this was the case. What an admission!!! This then begs the question;
1. Why did CCE pay the exorbitant amount of money for the EMC business if the projects were stressed? Who did the due diligence and who is accountable?
2. Why was the market and shareholders not advised that the projects were stressed.
Typical disclosure issues.
Either scenario is equally as damning as they the other. The whole charade is a bloody big con job and I hope all involved are hung out to dry. Shareholders have been duped and I hope legal action follows.
Where is ASIC protecting shareholders?
