directors referred to dpp for corruption, page-2

Some of the "Magnificent Seven" from Cascade Coal have also fared badly in the report.

Not only has Comissioner Ipp recommended Travers Duncan, Richard Poole, John Atkinson and John McGuigan be referred to the DPP for criminal charges over possible breaches of the Corporations Act, he also suggested that they attempted to misleads the ASX.

"There was evidence before the Commission of attempts by some directors of White Energy to evade a request from ASX for information concerning the calculation of Cascade’s capitalised mining costs. There was other evidence that a false announcement was made to ASX concerning the reason for terminating the proposed arrangement between White Energy and Cascade."

Sorry to all holders

Read more: http://www.smh.com.au/nsw/eddie-obeid-ian-macdonald-acted-corruptly-icac-finds-20130731-2qy67.html#ixzz2aaDcsbpX