Banana drama The kaleidoscopically colourful mining minnow...

Banana drama​

The kaleidoscopically colourful mining minnow Indochine Ltd may have succumbed to the corporate paramedics earlier this year, but it is still providing plenty of entertainment.​

It has just lost a multimillion-dollar court judgment to its former executive chairman, Robert Coghill, over his unceremonious dumping from the company just before a $115 million public float of the business in 2010.​

Indochine was not represented in court during the trial earlier this month and the judgment came down in favour of Coghill, who was awarded $US2.65 million in damages for breach of his employment contract.​

Two of the executives closely involved in the Coghill drama are well know to CBD.​

David Evans and Jeremy Snaith are the dynamic duo enshrined in Melbourne Mining Club folklore as the "Bananas in Pyjamas" following a certain Etihad flight in 2007.​

The boys, who were working for Jupiter Mines at the time, were arrested after alleged inappropriate antics on a flight to Abu Dhabi for the mining explorer.​

Both received suspended sentences although Snaith spent 25 days in Al Wathba prison.​

Soon after, they both left to develop Indochine, but left around the time of the float.​

Read more: http://www.smh.com.au/business/cbd/joe-hockey-was-a-good-minirat-says-the-man-who-helps-invest-malcolm-turnbulls-money-20150922-gjsr72.html#ixzz3qbOuBVbO
Follow us: @smh on Twitter | sydneymorningherald on Facebook​