Boss convicted for fake news about financial backing
A former investment banker who released 'fake news' to the stock market about a $100 million line of credit has been sentenced to one year in jail.
Sarah is a business courts reporter based in Melbourne.
A former investment banker who released 'fake news' to the stock market about a $100 million line of credit has been sentenced to one year in jail.
Services group Spotless is facing a class action from shareholders over allegations it misled investors about its 2015 financial prospects.
The conduct of alleged fraudster Ian Lazar's former insolvency go-to-man Andrew Wily has been called into question by the corporate watchdog.
BHP Billiton and its partner in the deadly Samarco mine venture Vale are facing a fight with its bankers after a class action was filed in New York.
Under new rules, financial planners have a duty to act in the best interests of their clients. But some planners can take that too far.
A senior planner at the National Australia Bank who cheated on his third attempt to pass a basic compliance exam has found guilty of breaching an industry code.
The embattled company's handling of its chief executive's departure has attracted criticism.
Primary Health Care chief executive Peter Gregg has resigned after being charged earlier this week with two counts of falsifying books and records while an executive at Leighton Holdings.
Primary Healthcare and its criminally charged chief executive Peter Gregg face a long and drawn out court process that could take 18 months, according to legal experts.
It was in late 2011 when a curious auditor inside construction giant Leighton Holdings stumbled across an odd transaction.
Search pagination
Save articles for later.
Subscribe for unlimited access to news. Login to save articles.
Return to the homepage by clicking on the site logo.