Major news – Johnston returns

Firepower boss Tim Johnston faces a Federal Court injunction to keep him in Australia after he flew into the country for the first time in 18 months this week.

The Australian Securities and Investments Commission, which is probing the loss of $100 million of Firepower investors’ funds, made an urgent application yesterday to force Mr Johnston to stay in Australia.

The corporate watchdog was last night trying to alert every Australian airport capable of handling international flights about the ban.The commission was also trying to serve the failed fuel technology company chief with a copy of Federal Court Justice Tony Siopis’s order that he hand his passport in to the court’s registry in either Brisbane or Perth by noon tomorrow.

Read the rest of this West Australian scoop here.

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