You don't reach the top without the backing of very powerful people. He might not partake in such activities but he is fully aware of his mates corruption. Underlying thing is that down the line he will benefit as well.
I still don't understand why you think Australia's level of corruption is comparable to Indonesia? Every country has corruption but Indonesia is a completely different ball game.
The one thing GMC have done right is not pursuing legal action. A case against a royal high net worth = legal fees down the drain.
The second chance is purely because of China's demand as this project would be long dead under this management. Going forward some hard decisions will need to be made if SH's are to achieve maximum value.
GMC Price at posting:
4.2¢ Sentiment: None Disclosure: Not Held