April 10, 2017 BY Valentina Kirilova

ASIC fines former Chairman of AWB Limited $50,000

Australia regulator ASIC announced that the Supreme Court of Victoria has ordered that Trevor Flugge, the former chairman of AWB Limited, pay a pecuniary penalty of $50,000 and be disqualified from managing corporations for a period of five years following the Court's finding that he contravened s180(1) of the Corporations Act. The orders follow the…

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