ASIC Commences Civil Penalty Action Against Former APCH Directors

 

Unitholders will be particularly interested to note ASIC's announcement today that it has commenced civil penalty proceedings against a number of former APCH Directors (Mr William Lewski, Mr Mark Butler, Mr Kim Jaques, Mr Michael Wooldridge and Mr Peter Clarke).  ASIC is seeking to impose financial penalties on these Directors and also have them disqualified from managing corporations.  The text of ASIC's Media Release is available by clicking on this link

 

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