Embattled Mineral Resources founder Chris Ellison has forked out $3.8 million to service the penalty he was hit with over the offshore tax scandal that is set to cost the managing director his role.
Lawyers for Mineral Resources’ beleaguered chief Chris Ellison have argued the court should maintain sweeping gag orders over his now-settled row with a former contracts boss.
The Federal Court has amended a secrecy order over a handful of documents in embattled MinRes chief Chris Ellison’s now-settled row with a former contracts boss,as the media fights to stop them being permanently scrubbed from the court file.
In a brief statement at the miner’s annual general meeting Ellison expressed deep regret over the tax scandal that had cost him his job and assured shareholders he had repaid all personal expenses the company footed the bill for.
He gained a reputation as the proudly uninhibited billionaire mining boss behind Mineral Resources’ meteoric rise,but it was what Chris Ellison kept hidden that led to his downfall.
Premier Roger Cook has expressed his disappointment,but stopped short of saying he’d hand back $9000 in donations the scandal-engulfed miner made to WA Labor.
The managing director will vacate his role and pay a multimillion-dollar penalty after a major probe concluded he had used company resources for personal gain.
Gina Rinehart will spend up to $1.1 billion to acquire Mineral Resources’ Lockyer gas project and half of its remaining onshore assets in WA,ending weeks of speculation.
The board will detail how it intends to handle an alleged tax evasion scheme involving founder Chris Ellison,as $2.4 billion is shaved off the company’s value.
The board of mining giant Mineral Resources is remaining tight-lipped on the external probe it launched into an alleged tax evasion scheme involving its billionaire founder Chris Ellison,as its share price plunges on the back of the saga.