interesting little mining company, page-5

plous thats an article from 9 jan 2004, and palermo is only briefly mentioned in the article...has there been any further progress of those allegations?

Here is the para:

Meanwhile, Upul has admitted his guilt to the authorities and is due to be sentenced next month. In his statements, he claims that AdvanTel's chairman and company secretary, John Palermo, was aware that the Cogent loans were unauthorised. AdvanTel has said it was never involved in any wrongdoing by Upul and did not know the loans were unauthorised.