The Federal Government has awarded its $4.7 billion National Broadband Network contract to a secretive consortium backed by the wealthy Packer and Murdoch families.
Shareholders are unlikely to receive anything in the winding up of failed telco One.Tel, according to the company's liquidators.
Restrictions placed on three former One.Tel executives by the courts have been extended.
As ASIC commences civil proceedings against former One.Tel managing directors Jodee Rich, Bradley Keeling and Mark Silbermann, public pressure to make directors and executives personally pick up the tab for company failures may be rising, according to a survey.
Former executives of the now defunct One.Tel could face compensation claims amounting to AU$50 million following accusations that they withheld crucial financial information prior to the telco's demise.
One.Tel backers James Packer and Lachlan Murdoch are unlikely to be tracking the latest career move by insolvency expert Paul Weston, but they know who he is and must dread what he is about to do. Thought the One.Tel legal action was over? Think again.
As ASIC commences civil proceedings against former One.Tel managing directors Jodee Rich, Bradley Keeling and Mark Silbermann, public pressure to make directors and executives personally pick up the tab for company failures may be rising, according to a survey.
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