A private company owned by Perth property tycoon Warren Anderson has been been found to have breached the Corporations Act in its offering of shares in discredited fuel pill company Firepower, the Federal Court has found.
Meanwhile Tim Johnston will have to wait until a later date to find out whether he will be banned from ever managing an Australian company.
Can anyone believe how long this fall out from the Firepower fiasco is taking? And, remember, there are no criminal charges against Johnston despite the tens of millions of dollars that has gone missing.
Oh, by the way, I have a new job. More on that when I update this site.