Powerlan confirms ASIC share trade raid 2 Edition

Powerlan chief executive Theo Baker told The Australian that ASIC officers and federal police searched the company's premises on Tuesday, seizing documents as part of an investigation into trading in Powerlan shares. Mr Baker said [Powerlan] was "served a search warrant ... for documents a...

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Bibliographic Details
Published inThe Australian (Canberra, A.C.T.)
Main Author David King, Caitlin Fitzsimmons
Format Newspaper Article
LanguageEnglish
Published Canberra, A.C.T Nationwide News Pty Ltd 22.08.2002
Subjects
Baker, Theo
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Summary:Powerlan chief executive Theo Baker told The Australian that ASIC officers and federal police searched the company's premises on Tuesday, seizing documents as part of an investigation into trading in Powerlan shares. Mr Baker said [Powerlan] was "served a search warrant ... for documents and material (in connection with ASIC's) investigations into unrelated parties that have allegedly traded in Powerlan and other company's shares over the June period." Last week, Powerlan put its "non-operating" subsidiary Powerlan Queensland into administration, appointing KPMG.
ISSN:1038-8761