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Article: Australia: ASIC continues orders against BG Group.
- Article from:
- TendersInfo
- Article date:
- December 17, 2008
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Byline: manish03
The corporate watchdog has obtained continuation of asset preservation orders against a senior executive of BG Group Plc, which acquired coal seam gas producer Queensland Gas Company Ltd for $3.4 billion this month. The Australian Securities and Investments Commission (ASIC) secured the orders against Dr Stuart Fysh in the Supreme Court of New South Wales on Monday.
"The court ordered that Dr Fysh, a resident of Berkshire in the United Kingdom, is restrained from withdrawing funds from a stockbroking account in Australia which has been identified by ASIC ...