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Country Care alleges law firm’s negligent advice led to cartel charges
Professional Negligence 2021-10-22 1:56 pm By Cindy Cameronne

Mobility equipment provider Country Care has taken a law firm to court claiming it gave negligent advice and was responsible for an ACCC price-fixing investigation and subsequent criminal cartel charges.

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Ian Macdonald, Obeids sentenced to jail time for bid-rigging conspiracy
White Collar 2021-10-21 6:13 pm By Miklos Bolza

Former NSW Labor Minister Ian Macdonald has been sentenced to at least five years in prison, and Eddie Obeid and his son Moses will go to jail for a non parole period of three years for their conspiracy to rig a tender process and secure a coal mining exploration licence for the Obeids’ land in the Bylong Valley.

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Arrest warrant issued for Forum founder Bill Papas
White Collar 2021-10-20 1:00 pm By Miklos Bolza

The Federal Court has issued an arrest warrant for Forum Finance founder Bill Papas for contempt of court for allegedly transferring $720,000 out of one of his companies in breach of a freezing order.

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CIMIC spars with insurers over coverage for Iraq bribery cases
Insurance 2021-10-20 3:48 pm By Cindy Cameronne

Engineering services firm CIMIC Group has launched proceedings against ten insurers seeking indemnity for costs arising from allegations the company engaged in corrupt practices, including bribing government officials in Iraq.

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US bank boss launches defamation case against 60 Minutes over $100M tax fraud claims
Defamation 2021-10-19 10:08 pm By Bianca Hrovat

The CEO and founder of Euro Pacific Bank, Peter Schiff, has launched a defamation lawsuit against the Nine Network over a 60 Minutes episode that allegedly implied he ā€œfacilitated the theft of millions of dollars from the Australian peopleā€ by assisting customers to commit offshore tax fraud.

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Former CoCo Joy boss charged with running company while disqualified
White Collar 2021-10-14 1:15 pm By Bianca Hrovat

The former CEO of failed coconut water venture CoCo Joy, which once sponsored the Manly-Warringah Sea Eagles NRL team, faces charges he managed the company while disqualified due to bankruptcy.

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ACCC officers face pre-trial grilling in ANZ cartel case as judge questions need for committal
Competition & Consumer Protection 2021-10-12 11:24 pm By Christine Caulfield

Five enforcement officers of the Australian Competition and Consumer Commission will be cross-examined by lawyers for banks facing price fixing charges over their conduct following ANZ’s $2.5 billion capital raising six years ago.

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ASIC strips embattled accountant Vanda Gould of financial services licence
Financial Services 2021-10-12 6:11 pm By Bianca Hrovat

The Australian Securities and Investments Commission has cancelled the licence of embattled former accountant Vanda Gould.

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Westpac to serve Forum’s Bill Papas by text message after securing Greek phone number
Financial Services 2021-10-06 12:21 pm By Miklos Bolza

Westpac will serve court documents, including a motion for contempt, on Forum founder Bill Papas by text message after securing a Greek mobile number for the absent accused fraudster, as the judge overseeing the bank’s case pulled up Papas’ former lawyer for treating his courtroom like a “suburban golf club”.

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Westpac wants contempt conviction against Forum’s Bill Papas but can’t find him
White Collar 2021-10-01 6:27 pm By Miklos Bolza

Westpac wants Forum Finance founder Bill Papas held in contempt of court, but the bank has hit a snag in serving its motion on the missing Papas, saying he dropped his lawyers without telling them the address of his current residence in Greece.

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