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Article: Benny's firm a 'milch cow'.
- Article from:
- Australasian Business Intelligence
- Article date:
- September 29, 2009
CopyrightCOPYRIGHT 2009 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Rebecca Urban
Sep 29, 2009 (The Australian - ABIX via COMTEX) -- The Federal Court of Australia is hearing a suit brought by Chameleon Mining against two businessmen. One is the former MD of the group and the other an ex-board member at rival Murchison Metals. It is alleged the pair colluded to channel funds to the latter business by staging scrip deals, and thereby breached their fiduciary duties. The case had to overcome the hurdle of Chameleon's low finances, with ...