Johnston misses court again

Firepower boss Tim Johnston has declined to appear at a civil trial in Perth where he and other parties are accused of raising funds from investors in breach of the Corporations Act, according to the WA Business News website.

The Australian Securities and Investments Commission alleges Johnston and companies associated with Firepower Holdings Group Ltd offered shares for sale without providing disclosure documents. In the Federal Court in Perth, ASIC lawyer Michael Pearce said Mr Johnston, now living in Queensland, had sent an email explaining he did not propose to turn up in court.

Mr Pearce told Justice John Gilmour he didn’t think anyone expected Mr Johnston to appear, “judging by his past conduct”, but an option was to subpoena him.

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