LNC 0.00% 99.5¢ linc energy ltd

Court Case, page-7

  1. 5,536 Posts.
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    Well, my prediction from yesterday did not last long.

    Page 11 of today's "Courier Mail" carries a story about Linc and the trial.

    Apparently it will go for about nine weeks and involve more than sixty witnesses, however, because the company is in liquidation there will be "no defence, and no defendant in what the judge said was a most unusual case."

    This is what justice has become in the great Labor state of Queensland. Surely, to assure the principle of fairness, there should be a defence , even if it is provided out of the ranks of the public service. Most of the Governments solicitors , I would think, would enjoy a bit of a challenge away from the usual boring cases they normally have.

    However, Heaven help the career of any government solicitor who actually won, which could happen, as we all know it is a beat-up case.

    Even the Government Prosecution should be able to win this one, after showing incompetence in many other cases in the past, considering that they have no pesky defence to deal with.

    How can this be justice? They obviously want a conviction, as they still have the directors to prosecute, and, I always wondered how they could convict them when there was no conviction against the company to "prove" that an offence even occurred.
    Now we know.

    We worry about sovereign risk, when investing in many overseas countries but, the greatest sovereign risk country is now Australia and, especially Queensland.

    Lockitt
 
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